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

Published 2017-05-22, 12:42 p/m
© Reuters.  BRIEF-Moody's says Canadian acquisition spree of U.S. Utilities & Pipeline cos expected to continue

May 22 (Reuters) - Moody's:

* 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:

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