MIC Enters Into Agreements to Sell Operating Renewables Businesses
04 Apr 2019
Macquarie Infrastructure Corporation (NYSE: MIC) announced that it has reached agreements for the sale of each of its portfolios of operating wind and solar power generation businesses. Aggregate gross proceeds to MIC from the sales are expected to be $215 million.
MIC Notes S&P Downgrade to BB+ / Stable
16 Mar 2019
Macquarie Infrastructure Corporation (NYSE: MIC) notes that S&P Global Ratings’ (S&P) today downgraded MIC’s Issuer Credit Rating to BB+ / Stable from BBB- / Negative Outlook. S&P simultaneously downgraded MIC’s International-Matex Tank Terminals (IMTT) subsidiary to reflect the change in the parent rating. The Company foresees no material impact from the change.