Research Update: ExGen Renewables IV LLC ?B+? Rating Affirmed With A Stable Outlook - S&P Global Ratings’ Credit Research

Research Update: ExGen Renewables IV LLC ?B+? Rating Affirmed With A Stable Outlook

Research Update: ExGen Renewables IV LLC ?B+? Rating Affirmed With A Stable Outlook - S&P Global Ratings’ Credit Research
Research Update: ExGen Renewables IV LLC ?B+? Rating Affirmed With A Stable Outlook
Published Nov 19, 2020
7 pages (2508 words) — Published Nov 19, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Nov. 19, 2020, S&P Global Ratings affirmed its 'B+' issuer credit rating on ExGen Renewables IV LLC (EGR IV). At the same time, we affirmed our 'BB-' issue-level rating on EGR IV's $850 million term loan B (TLB) due in 2024. The recovery rating is unchanged at '2'. The stable outlook reflects our expectation that EGR IV's portfolio will operate in line with budget and generate predictable cash flows to support its debt obligations. We expect partially consolidated leverage will decline to below 8x after 2022. The stable outlook reflects our expectation that EGR IV's portfolio will operate in line with budget and generate predictable cash flows to support the company's debt obligations over our 12-month outlook horizon. Because

  
Brief Excerpt:

...- On Nov. 19, 2020, S&P Global Ratings affirmed its 'B+' issuer credit rating on ExGen Renewables IV LLC (EGR IV). - At the same time, we affirmed our '##-' issue-level rating on EGR IV's $850 million term loan B (TLB) due in 2024. The recovery rating is unchanged at '2'. - The stable outlook reflects our expectation that EGR IV's portfolio will operate in line with budget and generate predictable cash flows to support its debt obligations. We expect partially consolidated leverage will decline to below 8x after 2022....

  
Report Type:

Research Update

Issuer
ExGen Renewables IV LLC
GICS
Independent Power Producers & Energy Traders (55105010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: ExGen Renewables IV LLC ?B+? Rating Affirmed With A Stable Outlook" Nov 19, 2020. Alacra Store. May 01, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ExGen-Renewables-IV-LLC-B-Rating-Affirmed-With-A-Stable-Outlook-2557625>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: ExGen Renewables IV LLC ?B+? Rating Affirmed With A Stable Outlook Nov 19, 2020. New York, NY: Alacra Store. Retrieved May 01, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ExGen-Renewables-IV-LLC-B-Rating-Affirmed-With-A-Stable-Outlook-2557625>
  
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