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Algonquin Power & Utilities Corp T.AQN.PR.A


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

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 > Book value minus break fees = ?
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Comment by AlwaysLong683on Jan 15, 2023 5:59pm
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Post# 35224492

RE:RE:RE:RE:Book value minus break fees = ?

RE:RE:RE:RE:Book value minus break fees = ?Good point. Fitch does not use BBB-, but S&P does.

Pages 10, 11, and 15 of AQN's Investor Update January 2023 presentation mentions their current BBB rating but doesn't appear to indicate which agency that rating is from. It's not from Moody's since they use a different alpha-numeric ratings scale.

If it's from Fitch, that is the lowest investment grade rating like you stated. If it's from S&P, they have the BBB- investment grade rating as a safety net. Regardless, as mentioned, unless they get a downgrade before the asset sales are completed, I'm quite sure they will maintain their BBB rating regardless of what it takes re. asset sales.


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