(Editor's note: The original version of this article, published yesterday, misstated the long-term corporate credit rating on AltaLink L.P. A corrected version follows.) On May 15, 2003, Standard & Poor's Rating Services assigned its 'BBB' long-term corporate credit rating to electricity distribution company AltaLink L.P., and its 'A-' rating to the company's the company's proposed C$300 million multitranche senior secured debt issue. The outlook is stable. The ratings on AltaLink reflect its low-risk business profile and below-average financial position. Low-risk, regulated electricity transmission assets support the company's business profile. Although the newly formed company has received regulatory approval to acquire the assets from TransAlta Corp., regulatory risk is somewhat of a concern in the near term given that the company
