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Capstone Infrastructure Corp. Assigned 'BBB-' CCR And Stable Outlook; C$75 Million Preferred Shares Rated 'BB' Jun 11
Standard & Poors, June 2011
Abstract
We are assigning our 'BBB-' long-term corporate credit rating, and stable outlook, to Toronto-based Capstone Infrastructure Corp. We are also assigning our 'BB' global scale and 'P-3' Canada scale ratings to the company's C$75 million preferred shares. The stable outlook reflects our view that Capstone would benefit in the medium term from contracted revenue and insulation from electricity demand and price risks provided by power purchase agreements with investment-grade offtakers. TORONTO (Standard & Poor's) June 13, 2011--Standard & Poor's Ratings Services today said it assigned its 'BBB-' long-term corporate credit rating, and stable outlook, to Toronto-based Capstone Infrastructure Corp. At the same time, Standard & Poor's assigned its 'BB' global scale and 'P-3' Canada scale ratings to the company's C$75...
Companies mentioned in this report are: Capstone Infrastructure Corp
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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