DBRS Morningstar Assigns Rating of BBB to Keyera Corp.’s CAD 400 Million Medium-Term Notes

DBRS Limited (DBRS Morningstar) assigned a rating of BBB with a Stable trend to the CAD 400 million Medium-Term Notes (the Notes) issued by Keyera Corp. The Notes will mature on May 29, 2030.

The rating being assigned is based upon the rating on the already-outstanding series of the above-mentioned debt instrument.

Notes:
The principal methodologies are Rating Companies in the Pipeline and Diversified Energy Industry (November 26, 2019), DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers (November 1, 2019), and DBRS Morningstar Criteria: Rating Corporate Holding Companies and Parent/Subsidiary Rating Relationships (November 25, 2019), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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