DBRS: Emera risk profile good

DBRS said it updated its report on Emera Inc. and said that the credit quality of Emera is based on low business risk and is supported by the company's strong portfolio of diversified regulated businesses operating in a reasonable regulatory environment.

DBRS noted that the company's business risk profile is viewed as good, as Emera's earnings and cash flow are largely generated by its relatively low-risk regulated subsidiaries.

Furthermore, dividends and interest income flowing up from its operating subsidiaries continue to adequately cover Emera's interest and operating costs, the agency said.

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