Moody's lowers Cleco Evangeline to Ba2

Moody's Investors Service said it downgraded Cleco Evangeline's rating to Ba2 from Ba1.

The outlook is negative.

The rating action reflects deterioration in debt service coverage ratios to approximately 1 times for the last 12 months ended Sept. 30, 2009 and 1.15 times for year-end 2008 according to Moody's calculations.

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