| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Atlantic Power Corp. > News item |
S&P: Atlantic Power, notes BB-
Standard & Poor's said it assigned a BB- corporate credit rating to Atlantic Power Corp., along with a BB- rating and a 3 recovery rating to the company's $460 million senior unsecured notes due 2018.
The 3 rating indicates 50% to 70% expected recovery in a default.
The outlook is stable.
The ratings reflect the company's fair business profile and significant financial profile, S&P said.
The rating also considers the company's reliance on distributions from its underlying portfolio of energy projects, resource concentration (natural gas) and some vulnerability to availability declines, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.