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Oregon Clean Energy, LLC -- Moody's assigns first time Ba3 rating to Oregon Clean Energy, LLC's senior secured credit facilities; outlook stable

Moody's Investors Service ("Moody's") assigned a Ba3 rating to Oregon Clean Energy, LLC's $500 million senior secured term loan and $50 million senior secured revolving credit facility maturing in February 2026 and February 2024, respectively. The Ba3 rating considers the known capacity revenues through May 2022 derived from past PJM base residual auctions as a source of reliable cash flow and future revenues over the next three and a half years.