DBRS confirms Newfoundland Power

DBRS said it confirmed Newfoundland Power Inc.'s first mortgage bonds at A and preferred shares at Pfd-2, both with stable trends.

The rating confirmations reflect Newfoundland Power's low business risk, which stems from the regulated nature of its operations, supported by a reasonable regulatory environment, stable financial profile and strong customer base, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.