Fitch: 2014 Mid-Year Outlook Stable for Thermal, Renewable and Oil & Gas Projects

SAN FRANCISCO--()--Link to Fitch Ratings' Report: 2014 Midyear Outlook: Energy Infrastructure North America (Near-Term Stability Expected Across Asset Types)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=752878

The mid-year 2014 outlook for thermal, renewable and oil and gas projects is stable, according to a Fitch Ratings report.

Fixed-price revenue contracts underpin the stable outlook for thermal power projects, typically incorporating strong credit quality counterparties and cost recovery for fuel and operating expenses.

Most rated renewable energy projects benefit from long-term revenue contracts, supporting the stable outlook. Projects with sufficient contractual protections against price and volume risks should remain stable over the long term.

Fitch expects oil and gas project ratings to remain stable due to their contractual protections, parent guarantees, and strong demand for refined products and natural gas.

For more information, a special report titled "2014 Outlook: Energy Infrastructure North America" is available on the Fitch Ratings web site at www.fitchratings.com, or by clicking on the link above.

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

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Contacts

Fitch Ratings
Andrew Joynt
Associate Director
+1-415-732-5622
Fitch Ratings, Inc.
650 California St.
San Francisco, CA 94108
or
Gregory Remec
Senior Director
+1-312-606-2339
or
Media Relations
Elizabeth Fogerty, New York, +1 212-908-0526
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Andrew Joynt
Associate Director
+1-415-732-5622
Fitch Ratings, Inc.
650 California St.
San Francisco, CA 94108
or
Gregory Remec
Senior Director
+1-312-606-2339
or
Media Relations
Elizabeth Fogerty, New York, +1 212-908-0526
elizabeth.fogerty@fitchratings.com