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Bulletin: NextEra Energy Resouces Wind Power Project Ratings Unaffected By Parent Company's Downgrade Mar 10
Standard & Poors, March 2010
Abstract
SAN FRANCISCO (Standard & Poor's) March 11, 2010-- Standard & Poor's Ratings Services said today that its ratings on-NextEra Energy Resources' wind power project financings are unaffected by the recent downgrade of its parent FPL Group Capital Inc. to 'A-' from 'A'.-The projects are FPL Energy American Wind LLC (BBB-/Stable) and its holding company, FPL Energy Wind Funding LLC (BB-/Negative) as well as FPL Energy National Wind LLC (BBB-/Stable) and its holding company FPL Energy National Wind Portfolio LLC (BB-/Neg).-FPL Group Capital, a subsidiary of FPL Group Inc. (A-/Stable), guarantees the-monetization of production tax credits to-American Wind and National Wind. Given that the rating on FPL Group Capital-is above that of the project ratings,-its rating-downgrade is credit neutral to the...
Companies mentioned in this report are: FPL Energy American Wind LLC,NextEra Energy Capital Holdings, Inc.,FPL Energy Wind Funding LLC,FPL Energy National Wind Portfolio LLC,FPL Energy National Wind LLC
Action: Bulletin
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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