(Sun Herald.com)
Fitch Ratings has downgraded the rating on Coso Geothermal Power Holdings LLC's (CGP) $629 million ($523 million outstanding) pass through certificates due 2026 from 'B' to 'CCC'. The downgrade reflects the continued decline in net capacity of the Coso geothermal resource (Coso) and projected cash flows that will be insufficient to meet debt obligations.
