DBRS confirms TransAlta notes

DBRS said it has confirmed the ratings of TransAlta Corp.'s unsecured debt/medium-term notes and preferred shares at BBB and Pfd-3, respectively, both with stable trends.

According to the agency, the confirmation reflects (1) TransAlta's high level of contracted output with reasonable fuel hedging positions and (2) increased geographical and fuel diversification.

These strengths have lowered TransAlta's business risk level to below the industry average, 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.