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Published on 8/3/2022 in the Prospect News Canadian Bonds Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch rates AltaGas notes BB+

Fitch Ratings said it rated AltaGas Ltd.'s C$250 million of subordinated notes, series 2 due August 2082, BB+.

The rating is consistent with Fitch’s BB+ rating on AltaGas’ C$300 million of subordinated variable notes due Jan. 11, 2082.

AltaGas plans to use the proceeds to pay off the series C preferred shares due September 2022.

The outlook is stable.


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