S&P rates Alta Wind certs BBB-

Standard & Poor's said it assigned a BBB- rating on Alta Wind Holdings LLC's $579.9 million 7% pass-through trust certificates due 2035.

The outlook is stable.

Alta Wind will repay debt with cash flow from four U.S. wind projects that earn revenues from energy sold under long-term power purchase agreements with Southern California Edison Co. (BBB+/Stable/A-2).

Alta Wind is indirectly wholly owned by Terra-Gen Power LLC, which is owned by affiliates of ArcLight Capital Partners LLC (62% interest) and Global Infrastructure Partners (38% interest).

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