Dynegy Inc. -- Moody's affirms Dynegy Inc.'s B2 CFR; revises outlook to stable from positive

New York, March 03, 2016 -- Moody's Investors Service, ("Moody's") today affirmed the B2 Corporate Family Rating (CFR) of Dynegy Inc. (Dynegy) and revised its outlook to stable from positive. The B3 senior unsecured, Ba3 senior secured bank credit facility, and SLG-2 Speculative Grade Liquidity (SGL) ratings were also affirmed. The outlook revision follows Dynegy's announcement on February 25, 2016 that it had reached a definitive agreement with the private equity firm Energy Capital Partners (ECP) to form a joint venture Atlas Power, LLC (Atlas Power), to acquire ENGIE SA's (ENGIE A1 RUR-Down) United States fossil fueled power plant portfolio consisting of 8,731 MW of generation capacity located in ERCOT, PJM, and ISO-New England for $3.3 billion. Dynegy expects the transaction to close in Q4 2016.

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