DBRS confirms Manitoba Hydro

DBRS said it confirmed the long-term obligations and short-term obligations ratings of the Manitoba Hydro-Electric Board at A (high) and R-1 (middle), respectively.

The trends are both stable.

The ratings reflect the short- and long-term ratings of the Province of Manitoba, DBRS said.

The ratings also consider the implicit support of the province and the unconditional guarantee provided by the province on the majority of the utility's outstanding third-party obligations, the agency said.

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