Saskatchewan Power Corporation: Rating ReportUtilities & Independent Power
DBRS Limited (DBRS) updated its report on Saskatchewan Power Corporation (SaskPower or the Company). The ratings assigned to the Company’s Long- and Short-Term Obligations are a flow-through of the ratings of the Province of Saskatchewan (the Province; rated AA and R-1 (high) with Stable trends by DBRS; see DBRS’s report on the Province dated June 1, 2018). Pursuant to The Power Corporation Act (the Act), SaskPower does not issue debt directly in the capital markets but obtains funding from the Government of Saskatchewan Ministry of Finance. Please see the DBRS methodology titled Rating Canadian Provincial Agents of the Crown for further detail. DBRS considers SaskPower to be self-supporting, as it can fund its own operations and service its debt obligations.