|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.9000 - 4.9000|
|52 Week Range||4.3800 - 5.8200|
|Beta (5Y Monthly)||-0.00|
|PE Ratio (TTM)||8.90|
|Forward Dividend & Yield||0.24 (4.82%)|
|Ex-Dividend Date||Sep 28, 2020|
|1y Target Est||N/A|
Rating Action: Moody's changes outlook on Electricity North West to stable; affirms ratingsGlobal Credit Research - 31 Mar 2021 London, 31 March 2021 -- Moody's Investors Service (Moody's) has today changed the outlook for Electricity North West Limited (ENWL) and ENW Finance plc (ENW) to stable from negative. Concurrently, Moody's has affirmed the Baa1 senior unsecured ratings of ENWL and the Baa1 and (P)Baa1 (medium term note program) backed senior unsecured ratings of ENW. The drivers for today's rating action are (1) Moody's expectation that ENWL will maintain strong operational performance over the remainder of the current regulatory period, which will support the company's financial profile through March 2025; and (2) the regulator signaling in March 2021 a higher cash cost of debt allowance in the next regulatory period, a reversal of its prior position.
Rating Action: Moody's downgrades West Deptford Energy Holdings, LLC to B1 from Ba3; Outlook is negativeGlobal Credit Research - 26 Feb 2021New York, February 26, 2021 -- Moody's Investors Service, ("Moody's") downgraded West Deptford Energy Holdings, LLC's (WDE or the Borrower) senior secured credit facilities to B1 from Ba3. The debt facilities consist of a $445 million 7-year senior secured term loan due 2026 and a $55 million 5-year senior secured revolving credit facility due 2024. The outlook was changed to negative from stable.The Borrower owns the West Deptford Energy Station (the Project), a 744 MW gas-fired combined cycle electric generating facility located in West Deptford Township, New Jersey, which is in PJM Interconnection's EMAAC capacity pricing zone.RATINGS RATIONALEThe rating downgrade to B1 reflects the Project's weak financial performance in 2020; our expectation for performance to improve to 'B' level metrics in 2021; increased merchant exposure due to the expiration of the revenue put in December 2020; thin cushion relative to the credit agreement financial covenant ratio as of December 2020; and increasing refinancing risk.
Moody's Investors Service has assigned a Aa2 rating to the proposed senior unsecured USD notes to be issued by Korea Southern Power Co., Ltd. (KOSPO, Aa2 stable). KOSPO plans to use the proceeds to finance or refinance, in whole or in part, existing and future projects that provide environmental benefits related to the generation of electricity through renewable energy resources, purchase of renewable energy credits and distributed and independent power and heat generation systems. "The Aa2 rating reflects KOSPO's close operational and financial links with its parent, Korea Electric Power Corporation, and the company's strategic importance to Korea's economy as a major power generator," says Mic Kang, a Moody's Vice President and Senior Credit Officer.