15-Feb-2024 23:45 HKT

S&P Global Examines New Ambitions And Challenges In Low-Carbon Hydrogen

NEW YORK (S&P Global Ratings) Feb. 15, 2024--S&P Global examines the opportunities and challenges facing the nascent clean hydrogen industry in a new report published today, "Hydrogen: New Ambitions and Challenges." The report draws on the knowledge ...

14-Feb-2024 23:10 HKT

Outlook For North American Investor-Owned Regulated Utilities Weakens, Report Says

NEW YORK (S&P Global Ratings) Feb. 14, 2024-- We are updating our 2024 outlook on the investor-owned North American regulated utility industry to negative, S&P Global Ratings says in "Rising Risks: Outlook For North American Investor-Owned Regulated ...

13-Feb-2024 18:21 HKT

Sustainable Bond Issuance To Approach $1 Trillion In 2024, Says Report

PARIS (S&P Global Ratings) Feb. 13, 2024--Despite global macroeconomic uncertainty in some key regions, we anticipate that GSSSB issuance will increase modestly to $0.95 trillion-$1.05 trillion in 2024, from $0.98 trillion in 2023. This is according ...

12-Jan-2024 05:23 HKT

Liberty Utilities Co.'s Proposed Senior Unsecured Notes Rated 'BBB'

TORONTO (S&P Global Ratings) Jan. 11, 2024--S&P Global Ratings today assigned its 'BBB' issue-level rating to Liberty Utilities Co.'s (LuCo) proposed senior unsecured notes. The company intends to use the net proceeds from these proposed notes to rep...

16-Aug-2023 00:42 HKT

Algonquin Power & Utilities Corp Ratings Affirmed On Planned Sale; Algonquin Power Co. CreditWatch Revised To Developing

Algonquin Power & Utilities Corp. (APUC) announced it concluded the strategic review of its renewable business, and it will pursue a sale of all of its unregulated power business. We believe APUC's sale of its renewable businesses would strengthen it...

22-Jul-2023 10:03 HKT

Annual Review For Algonquin Power & Utilities Corp.

S&P Global Ratings has performed annual reviews of the credit ratings of this issuer. When applicable, this review would include the review of the issuer’s subsidiaries or associated entities. In an annual review, S&P Global Ratings reviews current c...

19-May-2023 23:24 HKT

Algonquin Power Co. (Liberty Power) 'BBB' Issuer Credit Rating Placed On CreditWatch Negative On Group Status Review

On May 11, 2023, Algonquin Power & Utilities Corp. (APUC) announced it will conduct a strategic review of its renewable energy group), which includes subsidiary Algonquin Power Co. (d/b/a Liberty Power; LPCo). As such, we expect to review subsidiary ...

21-Apr-2023 01:36 HKT

Algonquin Power & Utilities Corp., Subsidiaries Outlooks Revised To Stable From Negative On Termination Of Acquisition

On April 17, 2023, Algonquin Power & Utilities Corp. (APUC), and American Electric Power Co. (AEP) mutually agreed to terminate APUC's acquisition of Kentucky Power Co. (KPCo). S&P Global Ratings views the termination as positive for APUC's credit qu...

14-Jan-2023 05:39 HKT

Algonquin Power & Utilities Corp. Ratings Affirmed Following Strategic Update, Outlook Negative

Algonquin Power & Utilities Corp. (APUC) announced several actions to position the company for sustainable, long-term growth. These steps include planning to lower capital expenditures, reducing dividends, and selling approximately $1 billion of addi...

25-Mar-2022 01:35 HKT

Algonquin Power & Utilities Corp. And Subs 'BBB' Ratings Affirmed On Acquisition Funding Plans; Outlook Remains Negative

Algonquin Power & Utilities Corp. (APUC) recently announced that it has successfully secured a majority of the funding required for the previously announced acquisition of Kentucky Power Co. (KPCo) and a Kentucky transmission entity from American Ele...