Bullboard - Stock Discussion Forum TC Energy Corp T.TRP.PR.B

Primary Symbol: T.TRP Alternate Symbol(s): TRPEF | T.TRP.PR.A | TRPPF | TNCAF | TCENF | T.TRP.PR.C | TRPRF | TCEYF | T.TRP.PR.D | T.TRP.PR.E | T.TRP.PR.F | TCANF | TCNCF | T.TRP.PR.G | T.TRP.PR.H | TRP | T.TRP.PR.I

Energy Oil & Gas Midstream

TC Energy Corporation is a Canada-based energy problem solver working to move, generate and store the energy in North America. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Energy Solutions. The Company's business includes Energy Solutions, Natural Gas, Oil and Liquids and Power and Storage. The... see more

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TC Energy Corp > S&P Affirms

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Post by Dibah420 on Jul 25, 2023 10:28am

S&P Affirms

S&P Affirms TC Energy Ratings Following Announced Sale of Partial Interest In Columbia Gas, Columbia Gulf

MT Newswires - Jul 25, 2023 10:21 AM EDT

10:21 AM EDT, 07/25/2023 (MT Newswires) -- S&P Global Ratings said Monday that it has affirmed all ratings, including its BBB+ issuer credit rating on TC Energy (TRP.TO).

The rating affirmation is based on projected credit metrics that are forecast to be 5.0x in 2023 and 4.7x in 2024, the rating agency said.

"The negative outlook indicates the uncertainty regarding the timing and amount of further asset sales, which the company has committed to in order to ensure that it can achieve a debt-to-EBITDA ratio of not greater than 4.75x on a consistent basis," S&P said.

TC Energy recently announced the sale of a 40% interest in the Columbia Gas Transmission LLC and Columbia Gulf Transmission LLC systems for about $5.2 billion.

The company's shares fell nearly 2% on last look on Tuesday.

Price: 50.04, Change: -0.85, Percent Change: -1.68

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