- Language: English
- Published: October 2012
- Region: Egypt
Research Update: Outlook On Power Receivable Finance LLC's Issue Ratings Is Revised To Positive On Decreased Default Risk Oct 11
- Published: October 2011
- Standard & Poors
Power Receivable Finance LLC, a contract monetization project, has sufficient liquidity and stability of cash flows to make its final debt service payments in January and February of 2012. We are revising the outlook on the ratings to positive from stable to reflect our view that the company will not likely default through the debt tenor. We are affirming our 'BBB' rating on the project's senior secured notes and our 'BB+' rating on its subordinate notes. On Oct. 4, 2011, Standard & Poor's Ratings Services revised its outlook to positive from stable on Power Receivable Finance LLC's (PRF) $432 million senior secured notes due in January 2012 ($35.8 million outstanding as of Aug. 30, 2011) and $22.2 million subordinated notes...
Companies mentioned in this report are: Power Receivable Finance LLC
Action: Outlook: Positive
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.
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Power Receivable Finance LLC