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Algonquin Power Co. Jan 12
Standard & Poors, Jan 2012
Abstract
Increasing regulated cash flows from its sister company, Liberty Utilities Co. Largely contracted cash flows from its power asset portfolio Hydrology and wind-flow variability Aggressive growth strategy The asset portfolio's complexity and breadth The ratings on Ontario-based independent power generator Algonquin Power Co. (APCo) reflect Standard & Poor's Ratings Services' assessment of what we view as a strong consolidated business risk profile and significant consolidated financial risk profile at parent Algonquin Power & Utilities Corp. (APUC; not rated). In our view, the strong business risk profile reflects stable cash flows from Liberty Utilities Co.'s regulated utilities businesses and somewhat less stable cash flows from APCo's largely contracted electricity generation asset portfolio due to volumetric risk. We believe APCo's exposure to...
Companies mentioned in this report are: Algonquin Power Co.
Action: Outlook Revised
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: Full Analysis
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