S&P rates Algonquin BBB-

Standard & Poor's said it assigned its BBB- long-term corporate credit rating to Algonquin Power & Utilities Corp. (APUC). The outlook is positive.

The agency said the rating reflects its opinion of the consolidated credit profiles of Algonquin's two subsidiaries, Algonquin Power Co. and Liberty Utilities Co.

"The rating on APUC also reflects what we view as a strong consolidated business risk profile and significant consolidated financial risk profile," said S&P credit analyst Gavin MacFarlane in a news release.

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