New York, February 24, 2016 -- Moody's Investors Service, ("Moody's") today downgraded the Corporate Family Rating (CFR) of TerraForm Power Operating LLC (TPO) and TerraForm Global Operating LLC (TGO) to B3 from B2. The unsecured debt rating at both TPO and TGO were downgraded to Caa1 from B3, and the Probability of Default rating at both TPO and TGO were downgraded to B3-PD from B2-PD. The Speculative Grade Liquidity (SGL) rating of TPO was lowered to SGL-4 and the SGL of TGO was maintained at SGL-3. The rating outlook of both entities is negative. TPO and TGO are subsidiaries of TerraForm Power Inc (TERP) and TerraForm Global Inc (GLBL), respectively, which are the publicly listed YieldCos and subsidiaries of sponsor SunEdison Inc (SUNE, unrated).

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