Fitch cuts Breeze notes

Fitch Ratings said it downgraded Breeze Finance SA's €266.1 million class A notes to BB from BBB-, along with its €78.3 million class B notes to B from B+.

The outlook is negative.

The downgrades reflect the opinion that the original energy production forecasts somewhat overestimated the portfolio's actually achievable energy yield, Fitch said.

The agency said its projections now are primarily based on actual performance rather than on the original forecasts.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.