Moody’s Assigns Ba2 Rating To Tenaska Pennsylvania Partners’ Credit Facilities

Moody’s Ratings has announced a first-time Ba2 rating for Tenaska Pennsylvania Partners, LLC’s proposed senior secured bank credit facilities. The stable outlook reflects the company’s ability to generate consistent cash flows and manage operational risks effectively. Tenaska Pennsylvania Partners, a subsidiary of Tenaska Energy, is engaged in energy infrastructure projects, including natural gas and power generation facilities.  

The Ba2 rating indicates moderate credit risk, placing the company in the non-investment grade category but with stable financial prospects. Moody’s highlighted the project’s strong fundamentals, contractual arrangements, and adequate liquidity as key factors supporting the rating. The stable outlook suggests that Tenaska is well-positioned to meet its financial obligations without significant risk of downgrade in the near term.  

Key Highlights  

• Moody’s assigns first-time Ba2 rating to Tenaska Pennsylvania Partners’ senior secured bank credit facilities  
• Outlook is stable, reflecting consistent cash flow and risk management practices  
• Rating indicates moderate credit risk, categorized as non-investment grade  
• Strong project fundamentals and contractual arrangements support financial stability  
• Tenaska Pennsylvania Partners engaged in energy infrastructure and power generation projects  

Future Outlook  
The stable rating outlook suggests Tenaska Pennsylvania Partners is expected to maintain financial resilience and operational stability. Continued focus on energy infrastructure and effective risk management will be critical in sustaining credit quality and supporting long-term growth.  

Sources: Moody’s Ratings, Bloomberg