Fitch assigns Vistra Zero loan BB

Fitch Ratings said it assigned BB/RR2 ratings to Vistra Zero Operating Co., LLC's announced issuance of a $700 million senior secured term loan B due in 2031.

Vistra Zero is a newly formed indirect subsidiary of Vistra that will hold Vistra's 1.4 GW portfolio of six unlevered solar and battery storage assets in California and Texas.

Parent Vistra Corp.'s ratings, including its BB issuer default rating, are not affected by this transaction, the agency said.

The outlook is stable.

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