Moody's: InterGen loans, notes B1

Moody's Investors Service said it assigned B1 ratings to InterGen NV's proposed $500 million senior secured revolving credit facility due 2018, its $500 million senior secured term loan due 2020 and its $800 million senior secured notes due 2021 and 2023.

The outlook was changed to stable from negative.

Moody's said the B1 rating reflects InterGen's exposure to weak merchant power markets in multiple jurisdictions that will impact cash flow generation at InterGen's core assets over the next 18-24 months.

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