| Title: | Summary: NOVA Gas Transmission Ltd. |
| Price: | $175.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on NOVA Gas Transmission Ltd. (NGTL) are equalized with those on its parent, TransCanada PipeLines Ltd. (TCPL; A-/Stable/--), reflecting Standard&Poor's Ratings Services' view that its regulated gas transmission assets are strategically important to TCPL. TCPL does not guarantee NGTL's debt. However, we have equalized the ratings on NGTL with those on TCPL, as we believe NGTL's gas transmission system is strategically important to TCPL. This system is closely integrated with TCPL's key mainline systems, and it provides the bulk of gas into these pipelines. However, NGTL's strong credit quality could support the ratings on a stand-alone basis. Alberta-based NGTL owns and operates the largest natural gas transmission system in the province. As an intraprovincial pipeline, NGTL |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: NOVA Gas Transmission Ltd. Publication date: ##-May-#### Primary Credit Analyst: Kenton Freitag, CFA, Toronto (#) ###-###-####; kenton_freitag@standardandpoors.com Credit Rating: ##/Stable/--... |
| Word Count: | 1087 |
| Ticker: | 1297Z@CN |
| Issuer: | NOVA Gas Transmission Ltd. |
| GICS: | Oil & Gas Refining & Marketing (10102030) |
| Sector: | Global Issuers, Structured Finance, Utilities, Commercial MBS, Gas |
| Country: | Canada |
| Region: | Canada |
| Format: | 
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