Moody's assigns Ba3 CFR to Parkland Fuel; rates new notes B1
Moody's Investors Service assigned ratings to Parkland Fuel Corporation (Parkland), consisting of a Ba3 corporate family rating (CFR), Ba3-PD probability of default rating, B1 rating to its proposed $500 million senior unsecured notes issue, and SGL-3 speculative grade liquidity rating. The rati...Parkland Fuel Corp is engaged in marketing and distributing of fuels, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Fuel Marketing includes sales of gasoline, diesel, heating oil, propane fuel and variable rents derived from service station sites. Commercial includes sales of fertilizer, lubes, other agricultural inputs and industrial products and services. Co.'s retail and commercial brands includes: Fas Gas Plus, Race Trac Gas, Bluewave Energy, Columbia Fuels, Great Northern Oil, Neufeld Petroleum & Propane, United Petroleum Products and Island Petroleum.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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.