NRG Energy Inc. has engaged in a transformation plan that has resulted in the sale of several assets that, while reducing scale, have contributed to better metrics. This improvement is likely to continue with the recent sale of NRG Yield Inc. and its upcoming sale of its South Central assets. We are raising our rating on NRG Energy to 'BB' as a result. We are also raising all issue-level ratings on the company's debt. The stable outlook reflects our expectation that these developments will drop adjusted Debt to EBITDA to beneath 3.5x by 2019. On Sept. 10, 2018, S&P Global Ratings raised its issuer credit rating on NRG Energy Inc. to 'BB' from 'BB-'. The outlook is stable. At the
