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Prospect News home > News index > List of issuers P > Headlines for PPL Montana, LLC > News item |
Fitch lowers PPL Montana
Fitch Ratings said it downgraded PPL Montana, LLC's pass-through trust certificates due 2020 to BBB- from BBB.
The outlook was revised to stable from negative.
The downgrade reflects an expectation of lower power pricing and a potentially weaker hedging position, which could reduce PPL Montana's flexibility to manage costs as exposure to low merchant market prices increases, Fitch said.
Exposure to potential increases in coal prices is mitigated by having most of the coal supply coming from a mine mouth facility, the agency said.
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