S&P: Reliant unaffected

Reliant Resources Inc.'s (RRI; B/negative/--) announcement on March 8 that the United States Attorney intends to seek a criminal indictment against Reliant Energy Services Inc., a subsidiary of Reliant Resources, will not have an immediate affect on Reliant Resources' credit quality, Standard & Poor's said Tuesday.

While the U.S. Attorney's indictment is a negative event for Reliant Resources, the company's exposure to regulatory and legal challenges in respect to the California energy crisis has been factored into S&P's current rating and outlook on the company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.