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DBRS rates Keyera notes BBB
DBRS said it assigned a provisional rating of BBB with a stable trend to Keyera Corp.’s C$400 million medium-term senior notes.
The proposed notes mature June 21, 2028.
The notes will be unconditionally guaranteed by the issuer’s wholly owned subsidiaries, Keyera Partnership, Keyera Energy Ltd., Keyera Rimbey Ltd., Rimbey Pipeline LP, Keyera Energy Inc., Keyera RP Ltd. and Alberta Diluent Terminal Ltd.
The agency said the notes will rank pari passu with Keyera Partnership’s existing senior notes.
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