|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||37.00 - 37.00|
|52 Week Range||37.00 - 37.00|
|Beta (5Y Monthly)||0.18|
|PE Ratio (TTM)||10.53|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Rating Action: Moody's assigns first time Ba3 to CPV Maryland, LLC's senior secured credit facilities; outlook stableGlobal Credit Research - 19 Apr 2021Approximately $475 million of senior secured credit facilitiesNew York, April 19, 2021 -- Moody's Investors Service, ("Moody's") today assigned a Ba3 rating to CPV Maryland, LLC's ("CPV Maryland" or the "Borrower") proposed $475 million senior secured credit facilities consisting of a $375 million 7-year term loan and a $100 million 6.5-year revolving credit facility. The proceeds from the revolving credit facility will be used for general working capital purposes and cash collateral, in addition to a backstop for letters of credits. The existing loans being refinanced are expected to have an aggregate balance of approximately $323 million at the time of the transaction.RATINGS RATIONALECPV Maryland's Ba3 rating reflects the asset's competitive generating profile, strong operating history, manageable debt profile, and sound sponsor group.
Rating Action: Moody's affirms Ruwais Power Company PJSC's A3 rating; outlook stableGlobal Credit Research - 25 Feb 2021London, 25 February 2021 -- Moody's Investors Service (Moody's) has today affirmed the A3 rating on the USD825 million 6% fixed rate senior secured bonds due 2036 issued by Ruwais Power Company PJSC (the Issuer). This uplift reflects Moody's expectation that extraordinary shareholder support for the project would be provided if it became necessary, and takes into account (1) the strength of the project sponsors, (2) the importance of continuing power and water supply in the region and (3) the extraordinary support previously provided to key entities in the Emirate of Abu Dhabi.RATIONALE FOR STABLE OUTLOOKThe issuer outlook is stable, reflecting the Issuer's availability-based revenue structure and Moody's expectation that the Issuer will continue to achieve the contractually required levels of power and water availability.FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGMoody's does not expect upward rating pressure due to the Issuer's relatively weak projected debt service coverage ratios (DSCRs).
Western Australia's industrial safety regulator said it will provide an update later on Friday on the outcome of Chevron Corp's inspections of two of the three processing units at its giant Gorgon liquefied natural gas (LNG) plant. The regulator ordered Chevron two weeks ago to carry out the inspections on propane heat exchangers on Trains 1 and 3 at the plant by Aug. 21, after weld problems were found on propane kettles in Train 2 during scheduled maintenance. If problems are found in the kettle welds of Trains 1 and 3, Chevron may have to shut them for repair.