Fitch affirms GWF

Fitch Ratings said it has affirmed GWF Energy LLC's $226 million of senior secured bonds at BBB.

The outlook is stable.

The rating affirmation reflects the project's stable operational and financial performance, which Fitch said it expects to continue through the maturity of the debt.

The project has performed consistently above the sponsor base case projections, with a debt service coverage ratio of 1.90 times in 2008, the agency noted.

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