Bulletin: NextEra Energy Resouces Wind Power Project Ratings Unaffected By Parent Company's Downgrade Mar 10
- ID: 1820713
- March 2010
- Standard & Poors
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
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