Canadian Utilities Limited: Rating Report
On August 10, 2020, DBRS Limited (DBRS Morningstar) confirmed both the Issuer Rating and the Unsecured Debentures rating of Canadian Utilities Limited (CU or the Holdco or the Company) at “A†as well its Commercial Paper rating at R-1 (low) and Cumulative Preferred Shares rating at Pfd-2 (high). All trends are Stable. The rating of the Cumulative Preferred Shares is a notch higher than the standard mapping with the Issuer Rating, which reflects very low debt and strong liquidity at the Holdco level.Canadian Utilities is an ATCO Ltd. company. The Structures and Logistics Business Unit provides workforce housing, modular facilities, construction, site support services, and logistics and operations management. The Electricity Business Unit provides power generation, electricity distribution and transmission, and related infrastructure services. The Pipelines and Liquids Business Unit provides complementary products and services that enable them to deliver natural gas transmission and distribution services, energy storage, and industrial water solutions to customers. ATCOenergy provides retail, commercial and industrial electricity and natural gas service in Alberta.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.