TerraForm Global Operating, LLC -- Moody's affirms B1 CFR and B2 unsecured rating on Terraform Global Operating LLC; outlook stable

New York, August 07, 2015 -- Moody's Investors Service ("Moody's") today affirmed the B1 Corporate Family Rating (CFR), the B1-PD Probability of Default rating (PDR) and the SGL-3 Speculative Grade Liquidity rating on TerraForm Global Operating, LLC (TGO). Moody's also affirmed the B2 (LGD4) senior unsecured rating of TGO's $810 million senior unsecured notes (upsized from $800 million earlier) due in 2022. The rating outlook remains stable. The unsecured debt is rated one notch below the CFR to reflect TGO's $485 million senior secured revolving credit facility.

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