S&P affirms Anemoi Wind

S&P said it affirmed its B corporate credit rating on Anemoi Wind, LLC.

The outlook is stable.

The agency also affirmed the BB- issue-level rating on Anemoi's secured term loan. The recovery rating is 1.

Under new ownership, the portfolio of wind power assets owned by Anemoi has proven more successful, and the company has succeeded in reducing its debt with the proceeds from asset sales as well as its cash flow sweep, the agency said.

S&P said that while there have been operational issues that are not uncommon in renewable portfolios, wind performance has been in line with the agency’s expectations and consequently leverage metrics have been within acceptable bands.

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