Moody’s confirms Vistra Group

Moody's Investors Service said it confirmed Vistra Group Holdings (BVI) I Ltd.'s B2 corporate family rating following its announcement of plans to not move forward with its previously announced debt-funded dividend.

At the same time, Moody's confirmed Vistra's B2 rating on the first-lien term loan B due 2022 and revolving credit facility due 2020 and its B3 rating on the second-lien term loan due 2023.

The outlook is stable.

This concludes the review of the ratings initiated by Moody's on Nov. 14.

“The B2 corporate family rating balances Vistra's strong growth trajectory, high margins, predictable cash generation and very good liquidity with its high leverage and aggressive financial policies,” Brian Grieser, Moody's vice president and senior credit officer, said in a news release.

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