S&P rates Energy Future DIP loan BB

Standard & Poor’s said it assigned its BB point-in-time rating to Energy Future Intermediate Holding Co. LLC’s $5.4 billion first-lien debtor-in-possession credit facility.

This rating applies only to the first-lien DIP term loan and does not represent the expected rating on any successor loan if this DIP term loan is converted into exit financing. The rating does not apply to any second-lien DIP loan that EFIH may obtain at a later date.

Because the first-lien DIP term loan rating is a point-in-time rating, it is in effect only for the date of this report and is not subject to regular ongoing rating surveillance.

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