Hydro One Inc.: Rating Report

On April 9, 2020, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Debentures rating of Hydro One Inc. (HOI or the Company) at A (high) and the Commercial Paper (CP) rating at R-1 (low), all with Stable trends. The confirmations are based on HOI's stable regulated distribution and transmission operations under the Ontario Energy Board (OEB), which provides a steady stream of earnings and cash flow for the Company. The Stable trends reflect HOI's key credit metrics which are expected to remain supportive of the current ratings.