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Fitch Ratings Affirms PPL Montana, LLC at 'BBB'; Outlook Stable.
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Business Wire
- Article date:
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August 21, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings has affirmed the 'BBB' rating of PPL Montana, LLC's (PPLM) pass-through trust certificates due 2020. The affirmation reflects ongoing strong operating and financial performance, and fixed charge coverage ratios continue to exceed 3.0 times (x). The rating is based on PPLM's long-term financial profile, and price volatility in the electricity market remains the primary risk factor. The Rating Outlook is Stable, as the regulatory and competitive environments are not expected to change significantly in the near term.
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