Research Update: Invenergy Thermal Operating I LLC Ratings Placed On CreditWatch Developing On Analytical Error - S&P Global Ratings’ Credit Research

Research Update: Invenergy Thermal Operating I LLC Ratings Placed On CreditWatch Developing On Analytical Error

Research Update: Invenergy Thermal Operating I LLC Ratings Placed On CreditWatch Developing On Analytical Error - S&P Global Ratings’ Credit Research
Research Update: Invenergy Thermal Operating I LLC Ratings Placed On CreditWatch Developing On Analytical Error
Published May 30, 2019
4 pages (1662 words) — Published May 30, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We are placing the ratings on Invenergy Thermal Operating I LLC's (ITOI) $350 million term loan B due in 2025 and its $65 million first-lien working capital facility due in 2023 on CreditWatch with developing implications. The CreditWatch placement reflects our determination that there has been an analytical error involving a misapplication of criteria on these ratings as it relates to the analysis of a holding company with encumbered and unencumbered subsidiaries, which are not all wholly owned. We are placing the ratings on CreditWatch during which time we will be reassessing the appropriate analytical approach to rate the term loan and the working capital facility associated with this transaction. The CreditWatch Developing placement reflects the possibility that the rating

  
Brief Excerpt:

...Research Update: Invenergy Thermal Operating I LLC Ratings Placed On CreditWatch Developing On Analytical Error...

  
Report Type:

Research Update

Issuer
Invenergy Thermal Operating I LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Invenergy Thermal Operating I LLC Ratings Placed On CreditWatch Developing On Analytical Error" May 30, 2019. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Invenergy-Thermal-Operating-I-LLC-Ratings-Placed-On-CreditWatch-Developing-On-Analytical-Error-2241574>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Invenergy Thermal Operating I LLC Ratings Placed On CreditWatch Developing On Analytical Error May 30, 2019. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Invenergy-Thermal-Operating-I-LLC-Ratings-Placed-On-CreditWatch-Developing-On-Analytical-Error-2241574>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.