- Published: May 2012
- Region: New Jersey, United States
Summary: New Brunswick Electric Finance Corporation Dec 05
- Published: December 2005
- Standard & Poors
The rating on the C$125 million senior unsecured provincially guaranteed debt originally issued by the former New Brunswick Power Corp.'s (NB Power) and now an obligation of New Brunswick Electric Finance Corp. (NBEFC), continues to reflect the debt service guarantee of the Province of New Brunswick (AA-/Stable/A-1+). The ratings on the province reflect its slowly falling tax-supported debt burden, ample access to liquidity, and solid economic performance. These strengths are offset by a debt burden that is intermediate compared with similarly rated Canadian and international peers. The rating assigned to the C$125 million guaranteed issue is issue-specific and based on the issue-specific guarantee of the Province of New Brunswick and its risk profile. Standard & Poor's Ratings Services has not...
Companies mentioned in this report are: New Brunswick (Province of)
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
New Brunswick (Province of)