DBRS confirms Enersource

DBRS said it confirmed the issuer rating and the senior unsecured debentures rating of Enersource Corp. at A, both with stable trends.

The confirmation is based on the Enersource's strong credit metrics and its low-risk business profile, with about 90% of EBIT generated from the regulated power distribution business, Enersource Hydro Mississauga Inc., according to the agency.

DBRS added that Enersource's low business risk profile is underpinned by a reasonable regulatory system.

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