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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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