May 22, 2017 / 4:42 PM / a year ago

BRIEF-Moody's says Canadian acquisition spree of U.S. Utilities & Pipeline cos expected to continue

* Moody’s says Canadian acquisition spree of U.S. Utilities and Pipeline companies expected to continue

* Moody’s says “Anticipating more M&A activity in both the utility and midstream sectors”

* Moody’s says debt-financed consolidation is long-term trend in North American utility space, midstream consolidation follows period of very high growth

* Moody’s says “The environment remains favorable for Canadian utility consolidation in the U.S.”

* Moody’s says midstream sector acquisitions generally been credit positive for canadian companies due to high levels of equity financing, greater strategic benefits

* Moody’s says uncertainty over U.S. tax reform could lead to a pause or slowdown in M&A activity in Canada Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below