Fitch upgrades SCPPA’s wind project bonds to ‘AA’

By Michelle Froese Fitch Ratings has upgraded the rating to ‘AA’ from ‘AA-‘ on the following bonds issued by the Southern California Public Power Authority (SCPPA), CA:

The three wind projects that provide renewable energy to LADWP are operating in Utah and Washington, and are essential to meeting California’s renewable portfolio standard.
$125.5 million (Milford Wind Corridor Phase II Project) revenue bonds series 2011-1;
$114.0 million (Linden Wind Energy Project) revenue bonds series 2010A and 2010B;
$386.2 million (Windy Point/Windy Flats Project) revenue bonds series 2010-1).
The Rating Outlook has been revised to Stable from Positive.
SecurityThe SCPPA bonds are payable solely from revenues received from the two members

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