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Parkland Corporation: Update to credit analysis

Our credit view of this issuer reflects its solid market position, positive free cash flow & geographic diversification, against fuel volume risk and exposure to refining margin volatility.

Parkland Corporation: Covenant Quality Post-Sale Snapshot: US$500m 6.6...

Parkland Corporation's covenant package provides weakest-level protection, reflecting a CQ score of 4.59.

Moody's Ratings assigns Ba3 to Parkland's new senior unsecured notes

Moody's Ratings (Moody's) has assigned a Ba3 rating to Parkland Corporation's (Parkland) proposed US$500 million senior unsecured notes due 2032. The rest of the ratings, including Parkland's Ba2 corporate family rating (CFR) and stable outlook, are unchanged. Proceeds from the company's proposed ...

Parkland Corporation: Update to credit analysis following Ba2 affirmat...

Our credit view of Parkland reflect its geographic diversification, established supply channels and good free cash flow, constrained by moderate leverage & structural decline in fuel demand.

Moody's affirms Parkland's Ba2 rating; outlook stable

Moody's Investors Service, ("Moody's") has affirmed Parkland Corporation Inc.'s ("Parkland") Ba2 corporate family rating (CFR), its Ba2-PD probability of default rating (PDR) and Ba3 senior unsecured notes rating. The company's SGL-2 speculative grade liquidity rating remains unchanged. The outlook ...

Parkland Corporation: Update to credit analysis

Our credit view of this issuer reflects its large scale and geographic diversification, constrained by its elevated financial leverage and long term structural decline in fuel demand.

Parkland Corporation: Update to credit analysis

Our credit view of this issuer reflects its good market share and geographic diversification but risks in their growth by acquisition strategy.

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