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S&P affirms CE Generation bonds BB+
Standard & Poor's said it affirmed its BB+ rating on CE Generation LLC's $400 million senior secured bonds due 2018 and assigned a recovery rating of 1.
The outlook is stable.
S&P said that the rating on CE Gen reflects the strength of the contracted cash flows from its subsidiary Salton Sea Funding Corp., which is expected to account for nearly all of CE Gen's contracted cash flows after 2009.
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