Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Viridian Power and Energy Holdings DAC > News item |
Moody’s changes Viridian view to stable
Moody’s Investors Service said it changed the outlook on Viridian Group's ratings to stable from negative.
Concurrently, the agency affirmed the B1 long-term corporate family rating and B1-PD probability of default rating of the restricted group of companies owned by Viridian Group Investments Ltd., the B1 (LGD4) rating on the senior secured notes issued by Viridian Group FinanceCo plc and Viridian Power and Energy Holdings DAC and the Ba1 (LGD1) rating on Viridian Group Ltd.'s £225 million backed super senior secured revolving credit facility.
“The outlook change to stable from negative on of Viridian's ratings reflects that the company has entered into medium-term local reserve system agreements (LRSAs) for its thermal generation plants from the start of the new Integrated Single Electricity Market (I-SEM), which went live (ultimately) on Oct. 1, thus removing the uncertainty surrounding the future of these plants,” the agency said in a news release.
© 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.