trending Market Intelligence /marketintelligence/en/news-insights/trending/dQ5iLbC0Pmrq6ixEpiaC2w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Moody's upgrades NRG, outlook positive

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years

Moody's upgrades NRG, outlook positive

Moody's upgraded NRG Energy Inc.'s corporate family rating to Ba1 from Ba2, its senior unsecured rating to Ba2 from Ba3 and its senior secured tax-exempt bonds to Baa2 from Baa3. The outlook is positive.

The rating agency also upgraded NRG's probability of default rating to Ba1-PD.

The merchant generator was upgraded twice in the past two years after implementing a transformation strategy that included selling noncore businesses, simplifying its corporate structure, enhancing cash flows and reducing leverage.

The positive outlook by Moody's on the company reflects management's commitment to maintaining its net debt-to-EBITDA ratio of 2.5x to 2.75x, and the favorable power price environment in Texas.

The rating agency said Dec. 13 that it expects NRG to generate more than $1 billion of annual free cash flow.