DBRS: FortisBC stable

DBRS said that the credit profile of FortisBC Inc. has remained stable based on the Q2 2012 results and the latest regulatory development.

The agency added that the unsecured debentures have the same rating as the secured debentures, reflecting that (1) the amount outstanding of secured debentures is minimal (6% of total debt) and (2) FortisBC does not intend to issue additional secured debentures in the future.

The rating of FortisBC reflects its strong business risk profile, solid financial profile and a reasonable regulatory framework, the agency stated.

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