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Prospect News home > News index > List of issuers N > Headlines for NRG Energy, Inc. > News item |
Fitch rates NRG Energy loan BB, notes B
Fitch Ratings said it assigned the following ratings to NRG Energy, Inc.: $3.575 billion secured term loan B at BB, $2 billion of revolving credit/synthetic letter of credit facilities at BB, $3.6 billion issuance of senior unsecured notes at B and $500 million mandatory convertible preferred stock at CCC+.
In addition, Fitch said it assigned NRG a B issuer default rating with a stable outlook.
The agency noted key credit strengths are the company's attractive mix of low-cost and efficient coal and nuclear base-load capacity, stable cash flow predictability and manageable environmental capital expenditures.
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