Moody's stabilizes Oregon Clean view

Moody's Investors Service said it changed Oregon Clean Energy, LLC's outlook to stable from negative and affirmed the B1 rating on its senior secured credit facilities, consisting of a $448 million term loan B due March 2026 and a $50 million working capital facility due March 2024.

"The change in the Oregon Clean Energy project outlook to stable from negative reflects currently favorable market conditions, with higher power prices producing stronger energy margins in the second half of 2021 and thus far in 2022, a trend which we expect to continue into next year," said Gayle Podurgiel, a Moody’s vice president and senior analyst, in a press release.

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