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DBRS: Emera preferreds Pfd-3
DBRS said it assigned a rating of Pfd-3 (high) with a negative trend to cumulative preferred shares issued by Emera Inc.
The preferreds will rank on parity with any future series of first preferred shares of Emera and net proceeds from the offering will be used for general corporate purposes.
DBRS currently rates Emera's medium-term notes at BBB (high) with a negative trend.
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