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Bulletin: NRG Energy Inc. Ratings Unchanged Following Rejection Of Blackstone Offer For Dynegy Inc.

Published Nov 24, 2010

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Abstract:

SAN FRANCISCO (Standard&Poor's) Nov. 24, 2010--Standard&Poor's Ratings Services said today that the corporate credit rating and all issue debt ratings on NRG Energy Inc. (NRG; BB-/Stable/B-2) are unaffected following Dynegy Inc. (B-/Watch Neg/B-2) shareholders' rejection of The Blackstone Group's offer to buy all of Dynegy for $5 per share, up from $4.50 per share announced on Aug. 13, 2010. On Aug. 17, 2010, we affirmed the 'BB-' corporate credit rating and all issue ratings on NRG and assigned our 'BB-' rating to the company's proposed $750 million senior bond issue to finance the acquisition of 3.8 gigawatts of gas-fired assets from Dynegy, which were being sold in connection with the Blackstone offer. That transaction is now

Report Type:

Bulletin

Ticker

NRG

Issuer

NRG Energy Inc.

GICS

Independent Power Producers & Energy Traders (55105010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

NRG Energy Inc.'s Proposed $1.2 Billion Notes Rated At 'BB-' – 2011/01/11 – US$ 150.00

Summary: NRG Energy Inc. – 2011/02/03 – US$ 225.00

NRG Energy Inc. Outlook Revised To Negative; 'BB-' Rating Assigned To Notes – 2011/05/10 – US$ 150.00

Research Update: NRG Energy Outlook Revised To Negative, 'BB-' Rating Affirmed; Proposed $2 Billion Unsecured Notes Rated 'BB-' – 2011/05/10 – US$ 225.00

NRG Energy Inc. – 2011/05/17 – US$ 500.00

Bulletin: NRG Energy Inc. Ratings Unaffected By Green Mountain Energy Co. Acquisition – 2010/09/17 – Free

NRG Energy Inc. – 2010/08/25 – US$ 500.00

Summary: NRG Energy Inc. – 2010/08/25 – US$ 225.00

NRG Energy Inc. 'BB-' Corporate Credit Rating Is Affirmed; $750 Million Bond Issue Is Rated 'BB-' – 2010/08/17 – US$ 150.00

Research Update: NRG Energy Inc. 'BB-' Corporate Credit Rating Affirmed; $750 Million Bond Issue Rated 'BB-' – 2010/08/17 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: NRG Energy Inc. Ratings Unchanged Following Rejection Of Blackstone Offer For Dynegy Inc." Nov 24, 2010. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NRG-Energy-Inc-Ratings-Unchanged-Following-Rejection-Of-Blackstone-Offer-For-Dynegy-Inc-833597>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: NRG Energy Inc. Ratings Unchanged Following Rejection Of Blackstone Offer For Dynegy Inc. Nov 24, 2010. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NRG-Energy-Inc-Ratings-Unchanged-Following-Rejection-Of-Blackstone-Offer-For-Dynegy-Inc-833597>

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