Moody's assigns Ba3 to NRG's preferred stock
Moody's Investors Service ("Moody's") today assigned a Ba3 rating to NRG Energy, Inc's (NRG) $650 million of Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. Proceeds from the first-time preferred shares issuance will be used to acquire Vivint Smart Homes, Inc (Vivint, B2 R...NRG Energy is an energy company. The company produces and sells electricity and related products and services in primary power markets in the United States and Canada. The company sells energy, services, and sustainable products and services directly to retail customers under the names NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy, as well as other brand names owned by the company The company's segments are: Retail, which includes retail energy, portable solar and battery products home services, and a variety of bundled products; and Generation, which includes plant operations, commercial operations, development, engineering and construction, asset management, energy services and other related functions.
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