Fitch gives Reliant B issuer default

Fitch Ratings said it assigned a B short-term issuer default rating to Reliant Energy, Inc. and affirmed its ratings as follows: long-term issuer default rating at B, senior secured debt at BB/RR1 and senior unsecured debt at B+/RR2.

The outlook is stable.

Fitch said that the ratings reflect Reliant's high degree of leverage relative to operating cash flows, the uncertainty of cash flows from the merchant segment and a retail segment facing increased competition in Texas.

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