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Summary: GenOn Energy Inc. Dec 11 Product Image

Summary: GenOn Energy Inc. Dec 11

  • ID: 2034175
  • December 2011
  • Standard & Poors

FEATURED COMPANIES

  • AES Eastern Energy L.P.
  • Calpine Corp.
  • Dynegy Holdings LLC
  • Edison Mission Energy
  • GenOn Energy Inc.
  • GenOn Mid-Atlantic LLC
  • MORE

Abstract
Standard & Poor's Ratings Services revised its outlook to negative from stable on GenOn Energy Inc.'s (GenOn) 'B' corporate credit rating on Dec. 13, 2011. Secured lease debt at GenOn Mid-Atlantic LLC, unsecured debt at GenOn Americas Generation (GenAm), and the secured term loan and revolving credit facility at GenOn all carry a '1' recovery rating, implying very high (90% to 100%) recovery expectations in the event of a payment default. At this level, all of these debt issues are rated two notches above GenOn's 'B' corporate credit rating. The $2.525 billion in unsecured notes at GenOn have a recovery rating of '4', indicating average (30% to 50%) recovery of principal in the event of a default. At this level,...

Companies mentioned in this report are:
- GenOn Energy Inc.
- Energy Future Holdings Corp.
- Edison Mission Energy
- Calpine Corp.
- Dynegy Holdings LLC
- NRG Energy Inc.
- AES Eastern Energy L.P.
- GenOn Mid-Atlantic LLC

Action: Outlook Revised

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

Note: Product cover images may vary from those shown

- GenOn Energy Inc.
- Energy Future Holdings Corp.
- Edison Mission Energy
- Calpine Corp.
- Dynegy Holdings LLC
- NRG Energy Inc.
- AES Eastern Energy L.P.
- GenOn Mid-Atlantic LLC

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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