Fitch Publishes Updated Criteria for Rating Solar Power Projects

Fitch Ratings has updated its global criteria for rating debt instruments whose repayment is dependent upon cash flow from the operation of solar power projects. The updated criteria replaces the existing criteria published on Feb. 27, 2014 without substantially modifying the agency's analytical approach. No changes to the ratings of existing transactions are anticipated as a result of the application the updated rating criteria.

The updated criteria report clarifies Fitch's approach to completion risk. The report also refines the qualitative guidance for the key rating drivers used to evaluate and compare solar power projects. Fitch asseses risk factor attributes as 'Stronger,' 'Midrange,' or 'Weaker' for each transaction.

The criteria report 'Rating Criteria for Solar Power Projects' is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Rating Criteria for Solar Power Projects (Utility-Scale Photovoltaic, Concentrating Photovoltaic and Concentrating Solar Power)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=866077

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