While merchant generator NRG Energy Inc., like others in its industries, faces considerable market headwinds, it is in the midst of a business transformation that will likely shore up its finances. At the same time, the recent bankruptcy of GenOn Energy Inc., a ring-fenced subsidiary, has not adversely affected the company. We are affirming our ratings, including our 'BB-' issuer credit rating, on NRG Energy. The outlook is stable. The stable outlook reflects our expectation that recently announced organizational changes, including asset sales, will contribute to deleveraging, despite modestly decreasing scale. On Oct. 30, 2017, S&P Global Ratings affirmed its 'BB-' issuer credit rating on NRG Energy Inc. The outlook is stable. We also affirmed all our issue-level ratings on
