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Fitch affirms Continental Wind
Fitch Ratings said it affirmed the BBB- rating for Continental Wind LLC's roughly $613 million senior secured notes due 2033.
The outlook is stable.
Fitch said the affirmation is based on stable operations at the portfolio level for the initial 11-month period through August 2014. Actual financial performance is largely in line with Fitch's base case with strong availability and production compared to the P50 estimate. The project rating is anchored by various long-term revenue contracts, limited merchant exposure, an experienced operator and diversified wind resources from a portfolio of projects.
There have been no changes to long-term projections, resulting in a stable outlook.
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