Canadian Utilities Limited: Rating Report

On August 10, 2020, DBRS Limited (DBRS Morningstar) confirmed both the Issuer Rating and the Unsecured Debentures rating of Canadian Utilities Limited (CU or the Holdco or the Company) at “A” as well its Commercial Paper rating at R-1 (low) and Cumulative Preferred Shares rating at Pfd-2 (high). All trends are Stable. The rating of the Cumulative Preferred Shares is a notch higher than the standard mapping with the Issuer Rating, which reflects very low debt and strong liquidity at the Holdco level.