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Article: Fitch Downgrades Reliant.(Reliant Resource's senior unsecured debt rating)(Brief Article)
- Article from:
- The Oil Daily
- Article date:
- August 8, 2002
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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 ...