Fitch affirms Buckeye Power’s ‘A’ rating

Fitch Ratings has released its annual report on Buckeye Power’s revenue bonds and affirmed Buckeye’s ‘A’ rating. The outstanding senior secured bonds affirmed include: $17.9 million Ohio Air Quality Development Authority (Buckeye Power, Inc. Project), series 2003; $11.8 million Ohio Water Development Authority, series 2004; and $73 million Ohio Air Quality Development Authority, series 2010. Some of […]

Standard & Poor’s issues ‘stable’ rating for Buckeye Power

Standard & Poor’s has affirmed its A-/Stable credit rating for Buckeye Power and Buckeye Power Generating LLC. “The stable outlook reflects our view that after a prolonged period of week results, financial metrics for fiscal 2013 support the rating,” the S&P report stated. “Buckeye’s projections indicate improvement in the next several years.” The report said Buckeye Power’s credit […]