MONTRÉAL, Dec. 17, 2018 /CNW Telbec/ - Énergir Inc. was informed by S&P Global Ratings, a division of S&P Global Inc. ("S&P") that due to a change in S&P's calculation of the value of the assets pledged as collateral, the S&P first mortgage bonds rating was changed from A+ to A as at December 17, 2018.
In the same report, S&P has also confirmed Énergir Inc.'s A corporate rating with stable outlook. Such change in Énergir Inc.'s first mortgage bond rating is not anticipated to have any material financial impact on Énergir Inc. as the rating revision is in no way linked to its risk profile but rather to a change in S&P's interpretation of a criterion that has been applied for many years.
About Énergir Inc. and Énergir
Énergir Inc. mainly holds an economic interest of approximately 71% in Énergir, for which it acts as the General Partner and a financing vehicle.
With more than $7 billion in assets, Énergir is a diversified energy company whose mission is to meet the energy needs of its 520,000 customers and the communities it serves in an increasingly sustainable way. In Québec, it is the leading natural gas distribution company and also produces, through its subsidiaries, electricity from wind power. In the United States, through its subsidiaries, the company operates in nearly fifteen states, where it produces electricity from hydraulic, wind and solar sources, in addition to being the leading electricity distributor and the sole natural gas distributor in Vermont. Énergir values energy efficiency and invests both resources and efforts in innovative energy projects such as renewable natural gas and liquefied and compressed natural gas. Through its subsidiaries, it also provides a variety of energy services. Énergir hopes to become the partner of choice for those striving toward a better energy future.
For further information: Catherine Houde, Principal Advisor, Communications and Public Affairs, Énergir, 1866 598-3449, [email protected]