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Outages and competition hit Moyle Interconnector bonds
02 February 2012
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[mutual energy]
[interconnector]
[outages]
Competition and technical problems are likely to put pressure on the £135 million ($213 million) bond financing for the Moyle Interconnector transmission line. Moody's has placed the A2 underlying rating of the bonds on review for downgrade, noting that it suffered a full outage between October 2011 and 18 January. It had been operating at reduced capacity even before then,...
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