S&P Global Ratings assigned its'BBB-'long-term rating to the National Finance Authority, New Hampshire’s $124.525 million series 2025A tax-exempt and $11.800 million series 2025B taxable revenue bonds issued for Odessa Sustainable Energy Partners (OSEP), Arizona. The outlook is stable. The bonds, which were privately placed and are already issued, are secured by Ector County Hospital District, Texas’ (ECHD) absolute and unconditional obligation to pay monthly fixed payments to OSEP under an energy services agreement (ESA), as OSEP has no revenue sources of its own. OSEP is a special purpose entity and an Arizona limited liability company whose sole member is the non-profit Community Finance Corporation, which enabled the tax-exempt financing. The bonds are secured by the ESA payments, which
