DBRS: Emera view negative

DBRS said it confirmed Emera Inc.'s medium-term notes rating and cumulative preferred shares rating at BBB (high) and Pfd-3 (high), respectively, and changed the trend to negative from stable.

Emera's ratings are supported by strong and stable operating cash flows generated by its relatively low-risk regulated subsidiaries, the agency said.

The negative trend reflects concern about the high degree of non-consolidated leverage at the holding company level for the current rating, the agency noted.

© 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.