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Bulletin: Ratings On Crockett Cogeneration L.P. Power Project Unaffected By Sale Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 27, 2011--Standard & Poor's Ratings Services said today that its 'BBB-' rating on Crockett Cogeneration L.P.'s $295 million senior secured offering due 2025 is unaffected by the Dec. 15, 2011 announcement that the Crockett Cogeneration power plant is being sold to FREIF North American Power I, an affiliate of First Reserve Corp. Because FREIF North American Power I will not be the sole owner of the project, and because the co-owners are otherwise unrelated, the rating is not limited by the rating of any of the owners....
Companies mentioned in this report are: Crockett Cogeneration, A California L.P.
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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