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S&P lifts Nova Scotia Power view to stable
Standard & Poor's said it revised the outlook on Nova Scotia Power Inc. to stable from negative.
The agency also said it affirmed the BBB+ long-term corporate credit rating on Nova Scotia Power and parent, Emera Inc.
The outlook revision reflects the outlook revision on Emera, S&P said.
Nova Scotia Power is a core holding of Emera, which is why their ratings are equalized, the agency said.
The outlook revision reflects the progress Emera has made on the Maritime Link project, including regulatory approvals and issuance of debt guaranteed by the government of Canada, S&P added.
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