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Report: 2.8% Of Developers Whose Entire Business Plan Relies On Securing Letters Of Credit Actually Know What That Financial Instrument Is

NEW YORK, NY - Fitch Co. has recently summarized results from a survey they conducted of over 65,000 renewable energy and storage developers whose business model relies entirely on being able to satisfy various deposits with a letter of credit. The survey asked each participant a series of questions related to what a letter of credit is and who is customarily eligible to receive one. A selection of responses follow:

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