S&P rates Dynegy facilities BB-

Standard & Poor's said it assigned a B corporate credit rating to Dynegy Inc. and a BB- issue-level rating and 1 recovery rating to Dynegy's proposed senior secured credit facilities.

The facilities consist of a $500 million senior secured term loan B-1 due 2015, an $800 million senior secured term loan B-2 due 2020 and a $500 million senior secured revolving credit facility due 2018.

S&P said the stable outlook reflects its conclusions that Dynegy's business profile score will not change over the forecast period and financial performance will remain within the highly leveraged bands.

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