AltaLink L.P.'s Proposed C$125 Million Bond Issue Rated 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research

AltaLink L.P.'s Proposed C$125 Million Bond Issue Rated 'A-'; Outlook Stable

AltaLink L.P.'s Proposed C$125 Million Bond Issue Rated 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research
AltaLink L.P.'s Proposed C$125 Million Bond Issue Rated 'A-'; Outlook Stable
Published Nov 25, 2003
Published Nov 25, 2003
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About This Report

  
Abstract:

TORONTO (Standard & Poor's) Nov. 25, 2003--Standard & Poor's Ratings Services today said it assigned its 'A-' senior secured debt rating on electricity transmission company AltaLink L.P.'s proposed C$125 million bond issue. At the same time, Standard & Poor's affirmed its 'A-' long-term corporate credit rating on AltaLink. The outlook is stable. Due to the ring fencing between AltaLink and its parent, AltaLink is substantially insulated from AltaLink Investments L.P. The measures in place shielding AltaLink include a structure reflective of a single-purpose entity, with covenants that restrict the activities of the company to electricity transmission within Alberta; the existence of an independent trustee; a debt covenant package that includes a negative pledge and the absence of cross default or

  
Report Type:

News

Issuer
AltaLink L.P.
Sector
Electric, Global Issuers, Utilities
Format:
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Summary: AltaLink L.P. – 2003/12/16 – US$ 225.00

AltaLink L.P. – 2003/12/16 – US$ 500.00

Research Update: AltaLink L.P. – 2004/08/11 – US$ 225.00

Summary: AltaLink L.P. – 2005/01/05 – US$ 225.00

Research Update: AltaLink L.P. – 2003/11/25 – US$ 225.00

Research Update: AltaLink L.P. – 2003/05/16 – US$ 225.00

AltaLink L.P. – 2003/05/16 – US$ 500.00

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MLA:
S&P Global Ratings’ Credit Research. "AltaLink L.P.'s Proposed C$125 Million Bond Issue Rated 'A-'; Outlook Stable" Nov 25, 2003. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/AltaLink-L-P-s-Proposed-C-125-Million-Bond-Issue-Rated-A-Outlook-Stable-346516>
  
APA:
S&P Global Ratings’ Credit Research. (). AltaLink L.P.'s Proposed C$125 Million Bond Issue Rated 'A-'; Outlook Stable Nov 25, 2003. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/AltaLink-L-P-s-Proposed-C-125-Million-Bond-Issue-Rated-A-Outlook-Stable-346516>
  
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