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S&P: Reliant Energy unaffected
Standard & Poor's said that the poor performance of Reliant Energy's retail services unit in Q2 2008 has no effect on the company's BB- rating.
The outlook remains stable.
The agency said that the BB- rating does not require Reliant to achieve its earnings forecasts.
For instance, under Reliant's original forecast that did not incorporate the Q2 losses and assuming strong merchant market conditions continue, Reliant will accumulate almost $3 billion in cash by the end of 2010, S&P added.
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