Manitoba Hydro Electric Board: Update following rating affirmation - Moody's Global Credit Research

Manitoba Hydro Electric Board: Update following rating affirmation

Manitoba Hydro Electric Board: Update following rating affirmation - Moody's Global Credit Research
Manitoba Hydro Electric Board: Update following rating affirmation
Published May 26, 2023
5 pages (3152 words) — Published May 26, 2023
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Brief Excerpt:

...Manitoba Hydro Electric Board's (Manitoba Hydro) Prime-1 short term rating for commercial paper is driven by the credit strength of the Province of Manitoba (the Province: Aa2 stable). The Province explicitly guarantees $500 million of Manitoba Hydro's commercial paper program. The Manitoba Hydro Act was amended in April 2020 to allow Manitoba Hydro to issue more than $500 million of commercial paper, although the government guarantee has not yet been amended to reflect the increase. We do not expect commercial paper issuance to exceed the amount guaranteed by the Province....

  
Report Type:

Credit Opinion

Company:
Issuer
Manitoba Hydro Electric Board
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Manitoba Hydro Electric Board: Update to credit analysis - Credit Opinion – 2024/05/22 – US$ 250.00 – ...Manitoba Hydro Electric Board's (Manitoba Hydro) Prime-1 short-term rating for commercial paper is driven by the credit strength of the Province of Manitoba (the Province: Aa2 stable). The Province explicitly guarantees $500 million of Manitoba Hydro's commercial paper program. The Manitoba Hydro Act was amended in April 2020 to allow Manitoba Hydro to issue more than $500 million of commercial paper, although the government guarantee has not yet been amended to reflect the increase. We do not expect commercial paper issuance to exceed the amount guaranteed by the Province....

Moody's affirms Manitoba Hydro Electric Board's Prime-1 short-term rating - Rating Action – 2023/05/23 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Manitoba Hydro Electric Board: Update to credit analysis - Credit Opinion – 2022/05/26 – US$ 250.00 – ...Manitoba Hydro Electric Board's (Manitoba Hydro) Prime-1 short term rating for commercial paper is driven by the credit strength of the Province of Manitoba (Province: Aa2 stable). The Province explicitly guarantees $500 million of Manitoba Hydro's commercial paper program. The Manitoba Hydro Act was amended in April 2020 to allow Manitoba Hydro to issue up to $1.5 billion of commercial paper, an increase from $500 million, although the government guarantee has not yet been amended to reflect the increase. We do not expect commercial paper issuance to exceed the amount guaranteed by the Province....

Manitoba Hydro Electric Board: Update to credit analysis - Credit Opinion – 2021/05/04 – US$ 250.00 – ...Manitoba Hydro Electric Board's (Manitoba Hydro) credit profile is driven by that of the Province of Manitoba (Province: Aa2 stable). The Province explicitly guarantees $500 million of Manitoba Hydro's commercial paper program and we do not expect issuance to exceed amounts guaranteed by the Province....

Manitoba Hydro Electric Board: Update to Credit Analysis - Credit Opinion – 2020/03/27 – US$ 250.00 – ...Manitoba Hydro Electric Board's (Manitoba Hydro) credit profile is driven by the Province of Manitoba's (Province: Aa2 stable). The Province explicitly guarantees Manitoba Hydro's $500 million commercial paper program....

Manitoba Hydro Electric Board: Update to Credit Analysis - Credit Opinion – 2018/12/24 – US$ 250.00 – ...Manitoba Hydro Electric Board's (Manitoba Hydro) credit profile is driven by the Province of Manitoba's (Province: Aa2 stable). The Province explicitly guarantees Manitoba Hydro's $500 million commercial paper program....

More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "Manitoba Hydro Electric Board: Update following rating affirmation" May 26, 2023. Alacra Store. Jul 19, 2024. <http://www.alacrastore.com/moodys-credit-research/Manitoba-Hydro-Electric-Board-Update-following-rating-affirmation-PBC_1365949>
  
APA:
Moody's Global Credit Research. (). Manitoba Hydro Electric Board: Update following rating affirmation May 26, 2023. New York, NY: Alacra Store. Retrieved Jul 19, 2024 from <http://www.alacrastore.com/moodys-credit-research/Manitoba-Hydro-Electric-Board-Update-following-rating-affirmation-PBC_1365949>
  
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