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The debt on Ares-EIF’s 286 MW Brooklyn Navy Yard cogeneration plant got a two-notch upgrade from S&P Global Ratings last week following the successful completion of a major maintenance project.
The debt on Ares-EIF’s 286 MW Brooklyn Navy Yard cogeneration plant got a two-notch upgrade from S&P Global Ratings last week following the successful completion of a major maintenance project.
The rating agency raised the rating on the project’s $345.7 million of outstanding senior secured bonds from B- to B+ on Nov. 30, citing strong performance in 2016 and an updated financial forecast in addition to the...