S&P Credit Research



Title:

Union Gas Ltd.

Price:$400.00
Publication Date:May 01, 2008
Report Type:Full Report
Abstract:Large customer base that has attractive demographics and is resistant to economic cycles Strategic ownership of natural gas storage and transmission assets enhances competitive position Regulated cash flows that bolsters stability High barriers to entry High leverage associated with company's regulated capital structure Allowed return on equity is relatively low compared with that of U.S. peers Capital-intensive industry The ratings on Union Gas Ltd., an Ontario-based natural gas distribution company, reflect the consolidated credit profile of its ultimate parent, Spectra Energy Corp. (BBB+/Stable/--) and receive support from Union Gas' strategic nature within the Spectra group of companies. The ratings on Spectra constrain those on Union Gas because of Standard&Poor's Ratings Services' consolidated ratings methodology. The ratings on Union
Ticker:UNGA@CN
Issuer:Union Gas Ltd.
GICS:Oil & Gas Storage & Transportation (10102040)
Sector:Global Issuers, Corporations, International Public Finance, Utilities, Gas, Electric
Country:Canada
Region:United States
Format:HTML HTML
Free Sample: Click Here to Download

Purchase Report
Price: $400.00

Looking For Something Else?


S&P Credit Research

S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

  about us | contact us | public company index | private company index | pcan | widget | your privacy rights | terms & conditions  

Copyright © 2008 Alacra, Inc., 100 Broadway, Suite 1100, New York, NY 10005. All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.