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NRG Energy's 'BBB-' Senior Unsecured Debt Rating Affirmed, Off Watch; Outlook Negative Jun 02 Product Image

NRG Energy's 'BBB-' Senior Unsecured Debt Rating Affirmed, Off Watch; Outlook Negative Jun 02

  • Published: June 2002
  • Standard & Poors

FEATURED COMPANIES

  • NRG Energy Inc.
  • Xcel Energy Inc.
  • MORE

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the READ MORE >

- NRG Energy Inc.
- Xcel Energy Inc.

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