trending Market Intelligence /marketintelligence/en/news-insights/trending/1rYtx412AsWrlhEr8zK7_Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

S&P raises Atlantic Power's rating on improved leverage profile

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years

S&P raises Atlantic Power's rating on improved leverage profile

S&P Global Ratings on Dec. 13 upgraded its issuer credit rating on Atlantic Power Corp. to BB- from B+, citing the company's improving leverage profile.

The outlook was revised to stable from positive to reflect the predictability of highly contracted cash flows and the company's plan to continue paying down debt using excess cash.

Ratings also raised APLP Holdings LP's issue-level ratings on the $400 million outstanding term loan B, $200 million revolving credit facility and C$210 million medium-term notes to BB from BB-.

"We view favorably the company paying down its existing term loan B, as well as the four acquisitions of biomass plants earlier this year," the rating agency wrote in a research update. "Following the biomass acquisitions earlier this year, we believe the company's portfolio shows diversity across power generation and fuel type, though scale remains limited."

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.