Enbridge: The Asymmetric Bet Is Long Gone (Rating Downgrade)
Enbridge Inc. has faced a rating downgrade due to concerns about its long-term debt and acquisition strategies. The company's management has not been selective enough with acquisitions, leading to a lack of financial spread. This article reviews recent earnings changes and updates on the company's balance sheet developments.
- ▪Enbridge's long-term debt negatively impacts its true earnings.
- ▪The company's management has not been selective with acquisitions.
- ▪There is a lack of spread between return on invested capital and interest payments.
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