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Alberta Storm Has No Effect On Region's Corporate Credit Quality Jun 05
Standard & Poors, June 2005
Abstract
TORONTO (Standard & Poor's) June 23, 2005--After weeks of rain and flooding to the Alberta region, a major 'start-of-summer' storm with severe high winds and rain rolled through the southern part of the province again Tuesday night, bringing golf-ball-sized hail and reports of tornados touching down. Although there were luckily no reports of any injuries, it is not yet known how much damage the storm caused. The storm did create operational issues for electrical utilities and forced the closing of several natural gas processing and chemical plants in the region, however. 'The effect of the flooding and tornados in Southern Alberta on the operations of the region's gas and electricity utilities has been minor,' said Standard & Poor's Ratings Services...
Companies mentioned in this report are: NOVA Chemicals Corp.,EPCOR Utilities Inc.,Fortis Inc.,Inter Pipeline Fund,Veresen Inc.,AltaLink L.P.,ENMAX Corp.
Action: General Comment
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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