Moody's downgrades ExGen Texas Power's term loan B to Caa1; outlook remains negative
Approximately $679 million in senior secured credit facilities affected. New York, January 19, 2017-- Moody's Investors Service downgraded ExGen Texas Power, LLC's senior secured term loan B due September 2021 to Caa1 from B2. The multi-notch downgrade reflects our expectation of substantial liquidity stress in the coming months and an increased default probability over the intermediate term.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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