11:47 AM EST, 01/16/2023 (MT Newswires) -- Fitch Ratings on Friday affirmed the long-term issuer default ratings of Algonquin Power & Utilities (AQN.TO), its regulated utility subsidiary, Liberty Utilities Co., and its unregulated power generation subsidiary, Algonquin Power Co. at BBB.
The rating outlook on each entity's long-term issuer default rating is stable.
Also, Fitch affirmed the debt security ratings for Algonquin Power & Utilities, Liberty Utilities, Liberty Utilities Finance GP1, and Algonquin Power Co.
Fitch affirmed the companies' short-term issuer default ratings at F2. The agency views steps such as the announced dividend cut, and asset sales, as a credit positive.
The company's shares slipped 0.2% on last look on Monday.
Price: 8.91, Change: -0.02, Percent Change: -0.22