The Analyst Recommends Maintaining The Project Essay

The Analyst recommends maintaining the Project’s 4- rating. The assigned rating reflects cash flow stability and visibility from a long-term PPA with an investment grade off-taker, expectations that the Term Loan will fully amortize by the maturity date, and a slightly weak operating profile given higher than the normal equipment failure rate. Keenan is comparable to Grand Renewable Wind LP (â€Å"GRW†) (4-) and Gosfield Wind Financial Corporation (â€Å"Gosfield†) (4-). Like Keenan, GRW and Gosfield’s cash flows come from the long-dated PPAs with the investment grade off-takers. GRW’s risk profile reflects slightly worse assessment of one of the financial ratio (average DSCR) related risk factor. Gosfield’s risk profile reflects environmental risk, less than adequate PPA/Operating life Tail, and a very low equity in the capital structure. Keenan’s operating risk profile is weaker than the operating profile of the other two projects while its financial risk profile is slightly stronger than the financial risk profile of Gosfield and much stronger than the GRW’s financial risk profile. The Analyst notes that a Wind Project within the SFS EF AM’s portfolio that has a PPA with a strong investment- grade counterparty, no price or volume risk with the PPA tail extending beyond the term of the loan, and â€Å"Neutral/Standard† assessment of all other risk factors is rated 4+. The Project’s rating reflects a notch downgrade (4-) due to the operational issues with the equipment. The operatingShow MoreRelatedThe Hunger For Analyzing Data998 Words   |  4 Pagesand turn it into information that can change the business and function of the industry. Data warehouse Analysts are bridging the present business aspect with the future. Their role is critical to a company’s ability to make sound business decisions. 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