ContourGlobal's Senior Secured Notes Upgraded To BB From BB- By Fitch Rating Agency

"We are pleased to see our investment discipline and performance reflected in this upgrade decision. This should further increase our financial flexibility and lower our cost of capital," said Jean-Christophe Juillard, Chief Financial Officer of ContourGlobal. "We remain committed to high value growth while maintaining credit metrics in line with a BB rating."

ContourGlobal is an international power-generation company with approximately 4,100 MW in operation in 19 countries and three continents. ContourGlobal operates a portfolio of 69 thermal and renewable power plants across Europe, Latin America and Africa utilizing a wide-range of technologies.