| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for RJS Power Holdings LLC > News item |
S&P rates RJS Power notes BB-
Standard & Poor’s said it assigned a B+ rating to RJS Power Holdings LLC.
The agency also said it assigned a BB- rating to the company’s $1.25 billion senior unsecured notes.
S&P also said it placed all of the ratings on CreditWatch with positive implications.
The recovery score on the unsecured debt is 2, reflecting that there would be 70% to 90% expected default recovery.
The ratings reflect the company’s weak business risk profile, aggressive financial risk profile and adequate liquidity, S&P said.
The company has a diverse portfolio consisting of coal and natural-gas assets that dispatch from base load to peaking levels, the agency said.
© 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.