The outlook on GenOn Energy Inc. and all subsidiaries has been revised to negative from stable. The 'B' corporate credit rating and all recovery ratings across the capital structure are affirmed. The negative outlook reflects the company's weak cash flow profile, as well as the potential need for additional capital expenditures to comply with U.S. Environmental Protection Agency rules. On Dec. 13, 2011, Standard & Poor's Ratings Services revised its outlook on GenOn Energy Inc.'s (GenOn) and subsidiaries 'B' corporate credit rating to negative from stable. We also affirmed the 'B' corporate credit rating (CCR) on GenOn Energy Inc. We left unchanged the '1' recovery rating on unsecured debt at GenOn Americas Generation and a secured term loan and revolving...
Companies mentioned in this report are:
- GenOn Energy Inc.
- GenOn Energy Holdings Inc.
- GenOn Americas LLC
- GenOn REMA LLC
- GenOn Mid-Atlantic LLC
- RRI Energy Inc.
Action: Outlook: Negative
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Product Type: Research Update
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