S&P: Enmax outlook stable

Standard & Poor's said it revised the outlook on Enmax Corp. to stable from negative and affirmed its BBB+ long-term corporate credit and senior unsecured debt ratings.

"The outlook revision reflects our view that Enmax would maintain its current financial risk profile despite continued weak electricity prices," S&P analyst Greg Pau said in a statement.

"We base this on our understanding that Enmax would moderate its growth plan when necessary and materially adhere to its published financial targets in the near-to-medium term," Pau added.

Ratings reflect a strong consolidated business risk profile, the agency noted.

© 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.