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Calpine Corporation: Update to credit analysis

Our credit view of Calpine reflects its strong free cash flow and liquidity, large scale and geographic diversity, offset by a significant debt burden.

Calpine Corporation: Update following outlook revision to stable

Improved commodity market conditions in TX and CA support stable outlook

Calpine Corporation: Loan Covenant Quality Snapshot

Overall, Calpine Corporation’s (the “Company”) covenant package provides weak level protection (3.82).

Calpine Corporation: Update to credit analysis

Calpine's CFO pre-WC to debt ratio for full year 2018 will drive its credit quality.

Calpine Corporation: Update to credit analysis

Calpine's CFO pre-WC to debt ratio for full year 2018 will drive its credit quality.

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