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Moody's: Merchant generators in PJM face refinancing risk amid challenging market conditions

Announcement: Moody's: Merchant generators in PJM face refinancing risk amid challenging market conditions. Global Credit Research- 24 Apr 2017. New York, April 24, 2017-- Merchant coal-fired power generation projects operating in the PJM market face increased refinancing risk driven by low energy prices and new natural gas plants coming online, according to a new report from Moody's Investors Service.
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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