Moody's might downgrade AES Ironwood

Moody's Investors Service said it placed the B1 rating of AES Ironwood, LLC under review for possible downgrade.

The review will consider the expected financial impact of a significant scheduled decline in capacity payments from the project's offtaker next year, the agency said. Moody's noted that there will be no offsetting decline in the project's debt-service requirements and margins could narrow considerably as a result.

© 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.