The ratings on AltaLink reflect the company's strong business profile and average financial position. AltaLink benefits from low-risk, efficient electricity transmission assets; an attractive transmission service franchise with favorable economic fundamentals; and the relatively supportive regulatory environment and framework for transmission companies in the Province of Alberta. These strengths are offset by a financial profile constrained by regulatory directives and pressured by capital funding requirements to meet network growth expected in the next four to five years. Alberta-based AltaLink is a pure transmission company wholly owned by AltaLink Investments, L.P. (AltaLink Investments). Legal and structural ring-fencing measures permit the ratings on AltaLink to be insulated somewhat from its weaker parent. Nevertheless, although the ratings on AltaLink largely reflect the company's
