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Quality | 2009.09.25

Fitch Affirms East Coast Power LLC's $554MM Series B Notes at 'BBB'; Outlook Stable

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed East Coast Power LLC\'s series B $554 million ($264.5 million outstanding) senior secured notes due 2012 and 2017 at \'BBB\'. The rating reflects the project\'s continued strong financial performance and reduced total leverage. The Rating Outlook is Stable. Fitch has evaluated East Coast Power\'s credit quality on a stand-alone basis, independent of the credit quality of its owners, a subsidiary of General Electric Capital Corporation (99% of membe

 

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