10:00 AM EDT, 05/22/2024 (MT Newswires) -- Fitch Ratings said Tuesday that it has revised Innergex Renewable Energy's ( INGXF ) rating outlook to "negative" from "stable," citing weaker-than-expected leverage in the last few years.

The rating agency affirmed Innergex's long-term issuer default rating at "BBB-" and affirmed the company's cumulative preferred shares at "BB".

The company's shares edged up nearly 3% on last look on Wednesday in Canada.

Price: 9.09, Change: +0.29, Percent Change: +3.30