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S&P affirms Astoria Generating
Standard & Poor's said it affirmed the BB- ratings on Astoria Generating Co. Acquisitions LLC's $430 million ($263.6 million outstanding as of March 31) first-lien term loan due 2013 and its $100 million ($15 million drawn as of March 31) first-lien working capital facility due 2012.
The outlook is stable. The agency said it removed the ratings from CreditWatch with negative implications,
where they were placed on July 29.
The review follows parent U.S. Power Generating Co.'s strategic review on the sale or a merger for Astoria, according to the agency.
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