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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  T.AQN.PR.D | AQN | AGQPF | T.AQN.PR.A

Utilities Utilities - Diversified
Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Algonquin Power & Utilities Corp > re CEO's letter to shareholders
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Comment by AlwaysLong683on Nov 18, 2022 3:11pm
220 Views
Post# 35111349

RE:RE:re CEO's letter to shareholders

RE:RE:re CEO's letter to shareholders
Mrlongpants wrote: ..... Algonquin remains focused on driving sustainable long-term profitable growth that supports an investment grade credit rating..........

Arun Banskota President and Chief Executive Officer


According to their November 2022 Investor Presenation, AQN currently has a BBB credit rating.

Fitch and S&P 500 Credit Rating Agencies: 

BBB     (investment grade)

BBB -   (investment grade)
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BB +    (non-investment grade) (highest "junk" bond rating)

Obviously, the lower a company's credit rating, the higher the interest rates they will liklely have to pay on their corporate debt going forward. Need to keep that credit rating at investment grade. preferably at BBB. Should consider paying down debt to improve the quality of the balance sheet.

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