 Moodys Investors Service Moodys upgraded ExGen Renewables IV, LLCs EGR IV senior secured term loan to Ba3 from B2 and revised the borrowers outlook to stable. The upgrade of EGR IV to Ba3 from B2 considers the July 1st emergence from bankruptcy by Pacific Gas Electric Company PGE; and its parent, PGE; Corporation Ba2stable; Corporate Family Rating which includes PGE;s assumption of its utilitys power purchase agreements PPA obligations including the PPA with EGR IVs AV Solar Ranch 1, LLCs AVSR project. PGE;s bankruptcy and the risk of PPA rejection in bankruptcy has been a key risk constraining EGR IVs credit quality since nearly 40 of EGR IVs originally expected dividends are from the AVSR solar project and AVSR derives all of its operating cash flow from its PPA with PGE;. 