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Abengoa Cogeneracion Tabasco S. de R.L. de C.V.?s Planned $600 Million Senior Secured Notes Rated 'BBB-' Dec 11
Standard & Poors, Dec 2011
Abstract
Abengoa Cogeneraci-n Tabasco (ACT) was formed in September 2009 to develop, construct, own, operate, and maintain a gas-fired cogeneration power plant with an expected rated capacity of 300 MW of electricity within the Nuevo Pemex Gas Processing Facility. We are assigning our 'BBB-' rating to ACT's $600 million senior secured notes due 2032. The stable outlook reflects our expectations that the facility's construction will be on schedule and will be able to achieve the availability and performance levels required under the Pemex Conversion Services Agreement. MEXICO CITY (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services assigned its 'BBB-' rating to ACT's $600 million senior secured notes due 2032. The outlook is stable. ACT is a special purpose vehicle...
Companies mentioned in this report are: Abengoa Cogeneracion Tabasco S. de R.L. de C.V.
Action: New Rating
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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