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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

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

Post by Mrlongpantson Jan 17, 2023 10:36am
399 Views
Post# 35227811

GLTALongs.

GLTALongs.

Your market updates

Fitch Affirms Algonquin Power & Utilities, Units' Ratings After Dividend Cut

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


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