Moody's may cut Edison Mission

Moody's Investors Service said it placed the ratings of Edison Mission Energy (B1 corporate family rating) and its subsidiary, Midwest Generation Co., LLC (Ba1 senior secured) under review for possible downgrade.

Moody's said it also changed the outlook on Homer City Funding (Ba2 senior secured) to negative from stable, and it affirmed Edison Mission's speculative-grade liquidity rating of SGL-3.

The review for possible downgrade at Edison Mission reflects its expectation for weaker credit metrics in the future due to lower regional demand for power and lower natural gas prices, the agency added.

© 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.