Generally, each rating agency bases its rating and outlook, if any, on the information and materials furnished to it and on its own investigations, studies and assumptions. There is no assurance ratings will continue for a given period of time or that they will be upgraded, downgraded or withdrawn entirely by any of the rating agencies, if, in the judgment of such rating agency or agencies, circumstances so warrant. Those circumstances may include, among other things, changes in or unavailability of information relating to FMPA or the offered securities. Any such downgrade or withdrawal of ratings may have an adverse effect on the market price of offered securities.
Recent ratings are shown below
2 Affirmed August 2021. Rating subject to change.
3 Project debt paid in full. Rating withdrawn in Oct. 2019.
4 All outstanding debt is privately placed bank loans.
5 Affirmed December 2022. Rating subject to change.