Bulletin: NRG Energy Inc. Rating Unchanged On Sale Of NRG Yield

NEW YORK (S&P Global Ratings) Feb. 7, 2018--S&P Global Ratings said today that its ratings on NRG Energy Inc. (BB-/Stable/--) are unchanged in light of its announcement that it would sell its 53% stake in NRG Yield Inc. to Global Infrastructure Partners. All recovery ratings are unchanged. We had stated in a previous research update that we expected NRG to sell this holding during the first half of 2018, and we included this divestiture in the forecast at the time. The sale is part of an ongoing effort to deleverage the enterprise. We continue to expect NRG to attempt to sell other assets and cut costs consistent with its previously announced plans.

...NEW YORK (S&P Global Ratings) Feb. 7, 2018--S&P Global Ratings said today that its ratings on NRG Energy Inc. (##-/Stable/--) are unchanged in light of its announcement that it would sell its 53% stake in NRG Yield Inc. to Global Infrastructure Partners. All recovery ratings are unchanged. We had stated in a previous research update that we expected NRG to sell this holding during the first half of 2018, and we included this divestiture in the forecast at the time. The sale is part of an ongoing effort to deleverage the enterprise. We continue to expect NRG to attempt to sell other assets and cut costs consistent with its previously announced plans. Only a rating committee may determine a rating action and this report does not constitute a rating action....

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