10 CFR § 609.12 - Credit ratings.
---
identifier: "/us/cfr/t10/s609.12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "10 CFR § 609.12 - Credit ratings."
title_number: 10
title_name: "Energy"
section_number: "609.12"
section_name: "Credit ratings."
chapter_name: "DEPARTMENT OF ENERGY"
subchapter_number: "H"
subchapter_name: "ASSISTANCE REGULATIONS"
part_number: "609"
part_name: "LOAN GUARANTEES FOR CLEAN ENERGY PROJECTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 7254, 16511-16517."
regulatory_source: "88 FR 34428, May 30, 2023, unless otherwise noted."
cfr_part: "609"
---
# 609.12 Credit ratings.
(a) Where conditions justify, in the sole discretion of the Secretary, DOE may require that an Applicant submit a preliminary credit assessment for the proposed project, reflecting the project without a Guarantee, from a nationally recognized statistical ratings organization.
(b) Where conditions justify, in the sole discretion of the Secretary, DOE may require that an Applicant provide a credit rating for the proposed project, and subsequently provide updated ratings, from a nationally recognized statistical ratings organization.