trending Market Intelligence /marketintelligence/en/news-insights/trending/1ZqT-ojaDnW9l3dey17v1A2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • 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

Moody's upgrades TC Energy unit on stable finances, cash flow improvement

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico

Moody's upgrades TC Energy unit on stable finances, cash flow improvement

Moody's on Dec. 19 raised TC Energy Corp. subsidiary Columbia Pipeline Group Inc.'s senior unsecured rating to A3 from Baa1, with a stable outlook.

The rating agency based the upgrade on the pipeline company's "financial strength," benefiting from equity injections from parent TransCanada PipeLines Ltd., according to a news release. The equity injections have helped in funding the company's expansion program and debt maturities, with Columbia Pipeline paying down a $500 million debt in 2018.

Columbia Pipeline's cash flow is also expected to continue to increase after the company completed major projects during the year, including the $3.2 billion Mountaineer Xpress gas pipeline, $900 million WB Xpress gas pipeline, $600 million Gulf Xpress gas pipeline and pipe modernization programs.

In addition, Moody's said the upgrade reflects the strategic position of Columbia Pipeline's natural gas pipe network in the Appalachian Basin, which is expected to generate cash flow underpinned by long-term contracts.

Canada's TC Energy operates pipeline, power generation and energy storage facilities across Canada, the U.S. and Mexico.