|
|
 |
|
Viewing report
|
|
|
|
Algonquin Power Co. Outlook To Positive From Stable; 'BBB-' Ratings Affirmed Jan 12
Standard & Poors, Jan 2012
Abstract
We are revising our outlook on Algonquin Power Co. (APCo), a Canadian subsidiary of Algonquin Power and Utilities Co. (APUC) to positive from stable. We are also affirming our 'BBB-' long-term corporate credit and senior unsecured debt ratings on APCo. The outlook revision reflects our expectation that APUC will be able to achieve consolidated adjusted and sustained funds from operations-to-total debt of 15%-20%, with about 40%-50% of its consolidated cash flows supported by regulated cash flows from Liberty Utilities Co. in the medium term. The ratings reflect our assessment of what we view as a strong consolidated business risk profile and significant consolidated financial risk profile at the APUC level. TORONTO (Standard & Poor's) Jan. 25, 2012--Standard & Poor's Ratings...
Companies mentioned in this report are: Algonquin Power Co.
Action: Affirmed
Action: Outlook: Positive
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.
|
|
|
|
