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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | 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 is engaged in providing sustainable energy and water solutions through its portfolio of generation, transmission and distribution utility investments to over one million customer connections. The Company's operations are organized across three business units, consisting of: the Regulated Services Group, which primarily owns and operates a portfolio of regulated electric, water distribution and wastewater collection and natural gas utility systems and transmission operations in the United States, Canada, Bermuda and Chile; the Hydro Group, consisting of the hydroelectric business, which is not being sold as a part of the Renewables sale; and the Corporate Group, which includes corporate and service companies as well as its investment in Atlantica.


TSX:AQN - Post by User

Algonquin Power & Utilities Corp > NEWs,,,,,,,,,,,,,,,,,,,,,,DBRS Rating CONFIRMED
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Post by Red_Deeron Feb 10, 2023 2:44pm
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Post# 35280357

NEWs,,,,,,,,,,,,,,,,,,,,,,DBRS Rating CONFIRMED

NEWs,,,,,,,,,,,,,,,,,,,,,,DBRS Rating CONFIRMED
 
DBRS Confirms Ratings of Algonquin Power & Utilities Unit
 
10:40 AM EST, 02/10/2023 (MT Newswires) -- DBRS said Friday that it has confirmed the issuer rating and the senior unsecured debentures rating of Algonquin Power & Utilities (AQN.TO) unit Algonquin Power Co. at BBB with stable trends.
 
The rating confirmations took into account factors such as significant improvement in financial performance after the one-time impact of the February 2021 Texas winter event; solid resilience in coping with power market volatility, high inflation, rising interest rates, and a potential economic slowdown in North America; and significant available credit facilities at Algonquin Power and additional liquidity support provided by Algonquin Power & Utilities with intercompany loans and equity injections for capital projects in 2022 and for future projects.
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