Offtaker Credit Rating

[OfftakerName] PPA risk assessment

[FirstName],

Noticed [Company] signed a [ContractLength]-year PPA with [OfftakerName] for [ProjectName]—[PositiveComment about the deal].

But [OfftakerName]'s credit rating dropped to [Rating] in [RecentDate], and they're showing [SpecificFinancialConcern]. That's going to impact your project finance terms, potentially adding [BasisPoints]bps to your cost of capital.

More concerning: if [OfftakerName] hits [SpecificTrigger], your PPA could be at risk under [BankruptcyScenario], and most developers don't structure adequate protections up front.

[DeveloperExample] had a similar situation with [TheirOfftaker]. We helped them restructure the PPA with [SpecificProtection], secure [CreditEnhancement], and they closed project finance at [FavorableRate] despite the offtaker concerns.

Confidential conversation about your [OfftakerName] exposure?