- Language: English
- Published: October 2011
- Region: Texas
Research Update: LSP Batesville Funding Corp. Aug 04
- ID: 1787068
- August 2004
- Standard & Poors
Standard & Poor's Ratings Services raised its rating on LSP Batesville Funding Corp./LSP Energy L.P.'s (LSP Batesville) $326 million senior secured bonds to 'B-' from 'CCC+'. The outlook is negative. The rating action follows the upgrade of Aquila Inc.'s credit rating to 'B-' from 'CCC+'; Aquila's rating outlook is also negative. Aquila is the off-taker of the project's capacity and electricity from the plant's Unit 3 for one-third (279 MW nominally) of its total output pursuant to a power purchase agreement (PPA), and the project relies on payments from Aquila to service its debt. The project also has a PPA with Virginia Electric & Power Co. (VEPCO; A-/Stable/A-2) for the remaining two-thirds (570 MW) of its capacity and energy. In...
Companies mentioned in this report are: LSP Batesville Funding Corp.,ANR Pipeline Co.,Texas Gas Transmission LLC,Virginia Electric & Power Co.,KCP&L Greater Missouri Operations Co.,Tennessee Gas Pipeline Co.,NRG Energy Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
SHOW LESS READ MORE >
LSP Batesville Funding Corp.,ANR Pipeline Co.,Texas Gas Transmission LLC,Virginia Electric & Power Co.,KCP&L Greater Missouri Operations Co.,Tennessee Gas Pipeline Co.,NRG Energy Inc.