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S&P rates Vistra notes BBB-, BB
S&P said it assigned BBB- issue-level and 1 recovery ratings to Vistra Operations Co. LLC's senior secured notes due April 2034 and BB issue-level and 4 recovery ratings to the company's senior unsecured notes due April 2032. Vistra Operations Co. is a wholly owned subsidiary of Vistra Corp.
The BB issuer credit rating and positive outlook on Vistra are unchanged. The BBB- issue-level rating on the previously issued senior secured notes, with a 1 recovery rating, and BB issue-level rating on the previously issued senior unsecured notes, with a 4 recovery rating, are also unchanged, S&P said in.
The company plans to use the proceeds for general corporate purposes, including refinancing near-term maturities.
The outlook is positive.
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