-- We are lowering our long-term corporate credit and senior unsecured
debt ratings on TransAlta Corp. to 'BBB-' from 'BBB'.
-- We are also lowering our global scale preferred stock rating on the
company to 'BB' from 'BB+', and our Canada scale rating to 'P-3' from
'P-3(High)'.
-- The cash flow related to a recently announced contract at TransAlta's
Centralia facility largely falls outside of our rating horizon; as a result,
the positive impacts of an improved busin
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