S&P Global Ratings assigned its 'A+' long-term rating to the National Finance Authority , N.H.'s anticipated $790.7 million series 2025A tax-exempt revenue bonds and approximately $64.3 million series 2025B taxable revenue bonds, issued for Winston Salem Sustainable Energy Partners LLC (WSEP), N.C. The outlook is negative. The bonds are secured by unconditional fixed payments due to WSEP from Novant Health Inc. (A+/Negative) as defined under an energy services agreement (ESA). WSEP is a limited liability company and single purpose entity, whose sole member is the non-profit Community Finance Corp., enabling the tax-exempt financing. In addition to ESA payments, the bonds are further secured by WSEP's exclusive right of use of the covered energy assets and proceeds from any termination payment
