Fitch puts Talen on watch

Fitch Ratings said it placed the CCC long-term issuer default rating of Talen Energy Supply, LLC on rating watch negative. The agency also placed the ratings of the senior secured debt at B/RR1 and the senior unsecured notes CCC/RR4 on RWN.

“The rating action results from likely increased collateral needs at Talen due to continued ascension in natural gas and power prices YTD, which could have negative implications for Talen's near-term liquidity. Fitch will likely resolve the rating watch after the company files its YE financial results and provides an update on its liquidity situation,” the agency said in a press release.

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