Fitch rates Oaxaca Cuatro notes BBB-

Fitch Ratings said it assigned a BBB- rating to the $150.2 million CE Oaxaca Cuatro, S. de RL de CV's senior secured notes due 2031.

The outlook is stable.

The rating largely reflects the project's expected financial performance, Fitch said.

The non-diversified, single-site nature of the project is partially mitigated by its location in a region that benefits from an attractive wind resource and where energy generation probability scenarios were based on almost 10 years of long-term reference data on-site or nearby, the agency said.

© 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.