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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Post by Schussing56on Jun 06, 2023 7:44am
304 Views
Post# 35481889

Moody's Rating

Moody's Rating

Moody's on Friday changed the outlook on Superior Plus (SPB.TO) to stable from rating under review. Also, the rating agency confirmed Ba2 corporate family rating, Ba2-PD probability of default rating, and Ba3 senior unsecured ratings. The speculative grade liquidity rating was changed to SGL-3 from SGL-2. This concluded the review that began on Dec. 22, 2022, and follows the closure of the acquisition of Certarus on May 31, 2023.

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