On Feb. 25, 2010, we placed the 'BBB-' rating on U.S. power generator Panoche Energy Center's $321 million senior secured bonds due July 2029 on CreditWatch with negative implications in response to technological concerns surrounding an ongoing transformer-related outage that began on Dec. 21, 2009. We are keeping the rating on CreditWatch negative. We will likely wait to resolve the CreditWatch until after the second quarter of 2010, when manufacturer General Electric expects the LMS-100 turbines to achieve maturity. NEW YORK (Standard&Poor's) April 27, 2010--Standard&Poor's Ratings Services said today that it is keeping its 'BBB-' rating on U.S. power generator Panoche Energy Center LLC's $321 million senior secured bonds on CreditWatch with negative implications. We placed
