Research Update: AltaLink Investments L.P. And AltaLink L.P. Ratings Outlook Revised To Negative On Parent's Proposed Acquisition - S&P Global Ratings’ Credit Research

Research Update: AltaLink Investments L.P. And AltaLink L.P. Ratings Outlook Revised To Negative On Parent's Proposed Acquisition

Research Update: AltaLink Investments L.P. And AltaLink L.P. Ratings Outlook Revised To Negative On Parent's Proposed Acquisition - S&P Global Ratings’ Credit Research
Research Update: AltaLink Investments L.P. And AltaLink L.P. Ratings Outlook Revised To Negative On Parent's Proposed Acquisition
Published Jul 07, 2017
7 pages (2083 words) — Published Jul 07, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On July 7, 2017, Berkshire Hathaway Energy Co. (BHE), the ultimate parent of AltaLink Investments L.P. (AILP) and AltaLink L.P. (ALP), announced the acquisition of Oncor Electric Delivery Co. LLC for about US$18 billion Following this announcement, we revised our outlook on BHE to negative from stable. Because we view AILP as a core entity to BHE, and ALP as a core entity to AILP, we are also revising our outlooks on AILP and ALP to negative from stable. The outlook revision solely reflects the application of our group rating methodology criteria and the potential for a downgrade on BHE if its financial risk profile, which will deteriorate due to the acquisition's financing, does not improve after the transaction closes.

  
Brief Excerpt:

...Because we view AILP as a core entity to BHE, and ALP as a core entity to AILP, we are also revising our outlooks on AILP and ALP to negative from stable....

  
Report Type:

Research Update

Issuer
AltaLink Investments L.P.
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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 the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: AltaLink Investments L.P. And AltaLink L.P. Ratings Outlook Revised To Negative On Parent's Proposed Acquisition" Jul 07, 2017. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AltaLink-Investments-L-P-And-AltaLink-L-P-Ratings-Outlook-Revised-To-Negative-On-Parent-s-Proposed-Acquisition-1879919>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: AltaLink Investments L.P. And AltaLink L.P. Ratings Outlook Revised To Negative On Parent's Proposed Acquisition Jul 07, 2017. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AltaLink-Investments-L-P-And-AltaLink-L-P-Ratings-Outlook-Revised-To-Negative-On-Parent-s-Proposed-Acquisition-1879919>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.