|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: NRG Energy Inc. Receives Extension for Collateral Requirements
Standard & Poors, Aug 2002
Abstract
Standard & Poor's Ratings Services today commented that NRG Energy Inc.'s approval from lenders to extend until Sept. 13, 2002, the deadline for posting collateral under the $2 billion construction revolver has no immediate effect on NRG's rating. The extension helps to relieve a near-term liquidity crisis since it provides NRG with time to provide additional information to the bank group and possibly complete further asset sales to raise cash. While the extension from the bank group buys NRG some time to negotiate a reasonable global solution to its credit problems, NRG has no source of immediate liquidity available. Standard & Poor's continues to be of the opinion that NRG will be challenged to meet its obligations....
Companies mentioned in this report are: NRG Energy Inc.
Action: S&P Event
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 credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
