Blog: Capital Focus
One buzz in the Capitol yesterday was over news that two big credit rating services had put TransCanada Corp. and some subsidiaries on watch after the company’s purchase of a giant power plant in New York City that was considered a risky investment.
Don’t ask me what that means for TransCanada’s Alaska gas pipeline proposal, but the basic idea is that a dropped credit rating, if it happened, could make it harder for the company to get the financing it needs for the project.
The agencies were Moody's and Standard and Poor's, according to news reports. The company's stock fell Tuesday and Wednesday in trading in Toronto.
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