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Moody’s lifts Vistra Energy
Moody's Investors Service said it upgraded Vistra Energy Corp.'s corporate family rating to Ba1 from Ba2 and its probability of default rating to Ba1-PD from Ba2-PD.
At the same time, the agency upgraded Vistra Operations Co. LLC's senior unsecured rating to Ba2 from Ba3 and its senior secured rating to Baa3 from Ba1.
The outlook remains positive.
“Vistra continues to pursue its financial objectives, thanks to the company's progress on debt reduction,” Toby Shea, Moody’s vice president, senior credit officer, said in a news release.
“The positive outlook looks to the sustainability of Vistra maintaining its financial strategy and risk management commitments over the next 18 months.”
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