OREANDA-NEWS.  Fitch Ratings affirms all outstanding classes of MP Environmental Funding LLC series A and B as follows:

MP Environmental Funding LLC Series A
--Class A-2 at 'AAAsf'; Outlook Stable;
--Class A-3 at 'AAAsf'; Outlook Stable;
--Class A-4 at 'AAAsf'; Outlook Stable.

MP Environmental Funding LLC Series B
--Class A-1 at 'AAAsf'; Outlook Stable.

KEY RATING DRIVERS
The transactions are performing within expectations, with outstanding principal paying down in-accordance with their targeted amortization schedule. The true-up mechanism is performing as expected for both deals, providing adequate credit support for all outstanding classes.

RATING SENSITIVITIES
As part of Fitch's initial rating sensitivity, Fitch conducted a break the bond case which provides an alternative means by which to measure the potential effects of rapid, significant declines in power consumption while capping the residential securitization charges at 20% of the total customer bill. This analysis determines the maximum level of forecasted energy decline that would cause a default in required payments on the securitizations or cause the tariff charges to exceed 20% of the total residual customer bill. Despite this severe decline in consumption, due to the true-up mechanisms, the tariff charges are able to pay all debt service by the legal final maturity date.