Fitch affirms Orange Cogen bonds BBB

Fitch Ratings said it affirmed the BBB rating on Orange Cogen Funding Corp.'s $110 million ($86.8 million outstanding) senior secured bonds due 2022.

The outlook is stable.

The affirmation reflects cash flows, which are expected to remain stable under fixed-price contracts with investment grade counterparties, according to the agency.

The company was formed to issue the bonds and is a 100% owned direct subsidiary of Orange Cogeneration LP.

© 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.