Fortis Inc., Subsidiaries Outlook Revised To Negative From Stable On Weaker Forecast Metrics From U.S. Tax Reform - S&P Global Ratings’ Credit Research

Fortis Inc., Subsidiaries Outlook Revised To Negative From Stable On Weaker Forecast Metrics From U.S. Tax Reform

Fortis Inc., Subsidiaries Outlook Revised To Negative From Stable On Weaker Forecast Metrics From U.S. Tax Reform - S&P Global Ratings’ Credit Research
Fortis Inc., Subsidiaries Outlook Revised To Negative From Stable On Weaker Forecast Metrics From U.S. Tax Reform
Published Mar 21, 2018
4 pages (1502 words) — Published Mar 21, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We reviewed the impact of the U.S. tax reform on Fortis Inc. (Fortis), and the company's consolidated credit metrics are weaker than expected. There are key pending regulatory decisions that add to the downside risk and could further stress credit metrics. As a result, we are revising our outlook on Fortis and subsidiaries ITC Holdings Corp., Tucson Electric Power Co., FortisAlberta Inc., and Caribbean Utilities Co. Ltd. to negative from stable. We are also affirming our ratings on the companies, including our 'A-' long-term issuer credit ratings. TORONTO (S&P Global Ratings) March 21, 2018--S&P Global Ratings today revised its outlook on St. John's, Nfld.-based utility holding company Fortis Inc. (Fortis) and most of its subsidiaries, including ITC Holdings Corp. (ITC),

  
Brief Excerpt:

...+ We reviewed the impact of the U.S. tax reform on Fortis Inc. (Fortis), and the company's consolidated credit metrics are weaker than expected. + There are key pending regulatory decisions that add to the downside risk and could further stress credit metrics. + As a result, we are revising our outlook on Fortis and subsidiaries ITC Holdings Corp., Tucson Electric Power Co., FortisAlberta Inc., and Caribbean Utilities Co. Ltd. to negative from stable. + We are also affirming our ratings on the companies, including our 'A-' long-term issuer credit ratings. TORONTO (S&P Global Ratings) March 21, 2018--S&P Global Ratings today revised its outlook on St. John's, Nfld.-based utility holding company Fortis Inc. (Fortis) and most of its subsidiaries, including ITC Holdings Corp. (ITC), Tucson Electric Power Co., FortisAlberta Inc., and Caribbean Utilities Co. Ltd. to negative from stable. At the same time, S&P Global Ratings affirmed its ratings, including its 'A-' long-term issuer credit rating...

  
Report Type:

Ratings Action

Ticker
FTS@CN
Issuer
Fortis Inc.
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
Canada
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Fortis Inc., Subsidiaries Outlook Revised To Negative From Stable On Weaker Forecast Metrics From U.S. Tax Reform" Mar 21, 2018. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Fortis-Inc-Subsidiaries-Outlook-Revised-To-Negative-From-Stable-On-Weaker-Forecast-Metrics-From-U-S-Tax-Reform-2010428>
  
APA:
S&P Global Ratings’ Credit Research. (). Fortis Inc., Subsidiaries Outlook Revised To Negative From Stable On Weaker Forecast Metrics From U.S. Tax Reform Mar 21, 2018. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Fortis-Inc-Subsidiaries-Outlook-Revised-To-Negative-From-Stable-On-Weaker-Forecast-Metrics-From-U-S-Tax-Reform-2010428>
  
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