NRG Energy's 'BBB-' Senior Unsecured Debt Rating Affirmed, Off Watch; Outlook Negative Jun 02
- ID: 1787502
- June 2002
- Standard & Poors
NEW YORK (Standard & Poor's) June 24, 2002--Standard & Poor's said today it affirmed its triple-'B'-minus senior unsecured debt rating for NRG Energy Inc. (NRG) and raised its corporate credit rating to triple-'B' from triple-'B'-minus. The ratings were removed from CreditWatch where they were placed with positive implications on Feb. 11, 2002. The outlook is negative. Minneapolis, Minn.-based NRG has about $9 billion in outstanding consolidated debt. "Now that NRG is a 100%-owned subsidiary of Xcel Energy Inc., it is rated based on the consolidated credit rating of Xcel and all of Xcel's other subsidiaries," said Standard & Poor's credit analyst Arleen Spangler. Xcel' s tender offer was completed in June 2002. The company's corporate credit ratings were lowered today...
Companies mentioned in this report are:
- NRG Energy Inc.
- Xcel Energy Inc.
Action: Various Rating Actions
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Research type: News
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