Article: Fitch Downgrades Reliant.(Reliant Resource's senior unsecured debt rating)(Brief Article)

Fitch Downgrades Reliant

Credit rating agency Fitch said Wednesday it has cut Reliant Resource's senior unsecured debt rating from 'BBB' to 'BBB-' and maintains that the company is on rating watch negative.

"The rating action reflects [Reliant Resource's] reduced financial flexibility and the substantial debt refinancing burden it faces over the next several months," Fitch said in a statement.

"Although the performance of [Reliant Resource's] US wholesale energy merchant segment has been adversely ...

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