Please refer to PDF document for more detail about our research: DBRS Morningstar Downgrades Ratings on TransCanada PipeLines Limited, NOVA Gas Transmission Ltd, and Trans Québec & Maritimes Pipeline Inc. to BBB (high) and TC Energy Corporation to Pfd-3 (high)
Please refer to PDF document for more detail about our research: DBRS Morningstar Places Ratings on TC Energy Corporation, TransCanada PipeLines Limited, Nova Gas Transmission Ltd., and Trans Québec & Maritimes Pipeline Inc. Under Review with Negative Implications
Geopolitical rifts, rising energy costs, and energy supply disruptions have brought a renewed focus on energy security globally. The solution to energy insecurity is sourcing diverse and dependable supplies of energy. World energy supply lines are being redrawn, migrating away from unpredictable and politically motivated sources of supply to more trustworthy and reliable sources. Renewable energy consumption is on the rise globally as the cost of renewable power generation has been falling, and ...
Ongoing geopolitical events and the recent spiraling energy costs have highlighted the need for energy reliability and security around the world. Growing demand for natural gas and global liquified natural gas (LNG) exports continues to drive higher volumes across pipeline transportation networks and supports the need for well-connected and reliable energy infrastructure assets. Pipeline and midstream energy companies with strong logistics platforms in natural gas transportation and storage that...
DBRS Limited (DBRS Morningstar) notes that if the current depressed oil market conditions persist over the next three to four quarters with no meaningful and fundamental improvements, the credit profiles of oil and gas (O&G) companies could deteriorate materially and this could have a negative impact on credit ratings of pipeline companies.
On November 29, 2019, DBRS Limited (DBRS Morningstar) confirmed Trans Québec & Maritimes Pipeline Inc.’s (TQM or the Company) Issuer Rating at A (low) with a Stable trend. TQM is an integral part of the Canadian Mainline system owned by TransCanada PipeLines Limited (TCPL; rated A (low) with a Stable trend by DBRS Morningstar). TC Energy Corporation (rated Pfd-2 (low) with a Stable trend by DBRS Morningstar) owns 100% of TCPL, which in turn owns 50% of TQM. TQM is regulated by the Canada Ener...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.