DBRS Morningstar Assigns a Rating of A (low) With a Stable Trend to FortisAlberta Inc.’s New $125 Million Unsecured Medium Term NotesUtilities & Independent Power
DBRS Limited (DBRS Morningstar) assigned a rating of A (low) with a Stable trend to FortisAlberta Inc.’s new $125 million Unsecured Medium Term Notes (the Debentures), maturing May 30, 2052. The rating assigned to this newly issued debt instrument is based on the rating of the already-outstanding debt series of the Debentures.
There were no environmental, social, or governance factors or considerations with a significant or relevant impact on the credit ratings.
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/396929.
All figures are in Canadian dollars unless otherwise noted.
The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas, and Water Utilities Industry (September 24, 2021; https://www.dbrsmorningstar.com/research/384922); which can be found on dbrsmorningstar.com under Methodologies & Criteria. Other applicable methodologies include the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (May 17, 2021; https://www.dbrsmorningstar.com/research/373262).
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The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
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.
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