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Fitch Issues Exposure Draft of Updated Availability Payment Criteria

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published an Exposure Draft of its Rating Criteria for Availability Payment (A/P) based projects (the Exposure Draft), which is an update to A/P criteria published in June 2013. The revised approach has a heightened focus on potential cost volatility and establishes a framework for differentiating between projects based on exposure to Operations and Maintenance (O&M) as well as Lifecycle (LC) cost increases. The Exposure Draft outlines the attrib

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