Fitch gives Epcor, bonds A

Fitch Ratings said it assigned A ratings to Epcor Utilities, Inc. and its senior unsecured notes.

“Epcor's ratings reflect the company's relatively low business risk profile and diversified operations comprised predominantly of its core geographically diverse utility operations and conservatively managed non-regulated businesses in Canada and the U.S.

“Additionally, Fitch views the rate-setting mechanisms employed by Canadian regulators, which represents the vast majority of Epcor's operations, to be credit supportive. In Fitch's view, the relatively challenging nature of U.S. regulators is manageable via Epcor's lower risk water utility operations,” the agency said in a press release.

Epcor’s FFO leverage is expected to stay consistent with current rating levels decreasing to 5.2x in 2027.

© 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.