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AltaGas Ltd T.ALA

Alternate Symbol(s):  ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

Utilities Utilities - Regulated Gas Utilities
AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.


TSX:ALA - Post by User

AltaGas Ltd
Bullboard Posts
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(16)
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Post by Johnwith30yearson Dec 12, 2019 5:14pm
151 Views
Post# 30449756

Note the better than 5.5

Note the better than 5.5

Fitch Ratings has assigned a 'BBB' rating to AltaGas Ltd.'s issuance of senior unsecured notes. AltaGas' Issuer Default Rating (IDR) is 'BBB' with a Stable Rating Outlook.

 

AltaGas' ratings reflect completion of the acquisition of WGL Holdings, Inc. (WGLH; BBB/Stable); strategic focus on core, highly contracted or hedged Canadian midstream and U.S. gas utility operations; debt reduction from asset sales; and solid projected credit metrics. Fitch estimates pro forma 2020-2022 FFO-adjusted leverage of 4.6x-5.1x.

The market should like this when itt pauses to examine

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities