Standard and Poor’s has announced:
- •We are revising our outlook on Nova Scotia Power Inc. (NSPI) to stable from negative.
- •The outlook revision reflects our outlook revision to parent Emera Inc. because we believe that NSPI is “core” to Emera.
- •We have also affirmed our ratings, including our ‘BBB+’ long-term corporate credit rating, on both NSPI and Emera.
…
The outlook revision on NSPI reflects the outlook revision on Emera. “Because we believe that NSPI is a “core” holding of Emera Inc. we equalize the ratings on the two entities,” said Standard & Poor’s credit analyst Stephen Goltz.
The outlook revision on Emera reflects our view of the progress Emera has made on the Maritime Link project, including regulatory approvals and issuance of debt guaranteed by the Government of Canada. The revision also reflects our view that Emera’s financial metrics are likely to remain in the “significant” category over the next two-to-three years.
The ratings on Emera reflect what Standard & Poor’s views as the company’s “excellent” business risk profile and significant financial risk profile.
NSI.PR.D was last mentioned on PrefBlog when it was confirmed by DBRS at Pfd-2(low) on February 19, 2014. S&P continues to rate it as P-2(low).
NSI.PR.D is tracked by HIMIPref™, but is relegated to the Scraps index on volume concerns.
This entry was posted on Wednesday, May 14th, 2014 at 9:33 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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NSI.PR.D: Trend Now Stable, Says S&P
Standard and Poor’s has announced:
NSI.PR.D was last mentioned on PrefBlog when it was confirmed by DBRS at Pfd-2(low) on February 19, 2014. S&P continues to rate it as P-2(low).
NSI.PR.D is tracked by HIMIPref™, but is relegated to the Scraps index on volume concerns.
This entry was posted on Wednesday, May 14th, 2014 at 9:33 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.