Research Update: NRG Energy Inc. 'BB-' Rating Affirmed On Edison Mission Energy Acquisition Agreement - S&P Global Ratings’ Credit Research

Research Update: NRG Energy Inc. 'BB-' Rating Affirmed On Edison Mission Energy Acquisition Agreement

Research Update: NRG Energy Inc. 'BB-' Rating Affirmed On Edison Mission Energy Acquisition Agreement - S&P Global Ratings’ Credit Research
Research Update: NRG Energy Inc. 'BB-' Rating Affirmed On Edison Mission Energy Acquisition Agreement
Published Oct 18, 2013
2477 words — Published Oct 18, 2013
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Abstract:

U.S. independent power producer NRG Energy Inc. announced its intent to enter into an agreement with the creditors to the Edison Mission Energy (EME) bankruptcy to acquire substantially all of the assets of EME for about $2.635 billion in stock, cash, and debt. We have affirmed our 'BB-' corporate credit rating on NRG . The stable outlook reflects our view that the financial risk profile, as reflected by NRG's adjusted funds from operations (FFO) to debt, free cash flow generation, and liquidity, is not likely to change from our expectations over the next two years. On Oct. 18, 2013, Standard&Poor's Ratings Services affirmed its 'BB-' corporate credit ratings on NRG Energy Inc. Princeton, N.J.-based NRG had about $8.1

  
Brief Excerpt:

RESEARCH Research Update: NRG Energy Inc. '##-' Rating Affirmed On Edison Mission Energy Acquisition Agreement Publication date: 18-Oct-2013 Primary Credit Analyst: Aneesh Prabhu, CFA, FRM, New York (1) 212-438-1285; aneesh.prabhu@standardandpoors.com...

  
Report Type:

Research Update

Ticker
Issuer
GICS
Independent Power Producers & Energy Traders (55105010)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: NRG Energy Inc. 'BB-' Rating Affirmed On Edison Mission Energy Acquisition Agreement" Oct 18, 2013. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NRG-Energy-Inc-BB-Rating-Affirmed-On-Edison-Mission-Energy-Acquisition-Agreement-1204832>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: NRG Energy Inc. 'BB-' Rating Affirmed On Edison Mission Energy Acquisition Agreement Oct 18, 2013. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NRG-Energy-Inc-BB-Rating-Affirmed-On-Edison-Mission-Energy-Acquisition-Agreement-1204832>
  
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