Moody’s shifts ExGen view to positive

Moody’s Investors Service said it revised the outlook for ExGen Renewables IV to positive from negative.

“EGR IV’s rating affirmation and change in outlook to positive reflects Pacific Gas & Electric’s (PG&E) proposed plan of reorganization that incorporates PG&E assuming its power purchase agreements,” said Moody’s in a press release.

Moody’s also affirmed its B2 rating on ExGen’s senior secured term loan.

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