S&P affirms Iroquois Gas

Standard & Poor's said it affirmed the BBB+ corporate credit rating on Iroquois Gas Transmission System LP to reflect the company's excellent business profile and aggressive financial profile.

The outlook is stable.

The ratings reflect low operating risk, near fully contracted pipeline capacity, good operating history and competitive advantage and adequate debt service coverage ratios, the agency said.

Offsetting the strengths are the term of the various notes, reliance on the Western Canada Sedimentary Basin, which faces gradual, long-term reserve declines, and construction risk and increased capital spending, according to the agency.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.