Moody’s revises Talen to negative

Moody's Investors Service said it revised the outlook for Talen Energy Supply, LLC to negative from stable and affirmed its existing ratings.

Ratings affirmed include Talen's corporate family rating at B1, probability of default rating at B1-PD, senior secured debt at Ba1, senior unsecured guaranteed debt at B1, senior unsecured, nonguaranteed debt at B3 and speculative grade liquidity rating at SGL-2.

The action follows the company's Feb. 25 announcement that on Dec. 27, 2017, it paid a special cash dividend of $500 million to its stockholders.

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