DBRS assigns ARC Resources BBB

DBRS said it assigned provisional BBB issuer and provisional senior unsecured notes ratings to ARC Resources Ltd.

“The provisional ratings assume the successful close of the strategic combination (the combination) with Seven Generations Energy Ltd. (7G) announced on Feb. 10, 2021, and expected to be completed in Q2 2021. Following the close of the combination, 7G is expected to be amalgamated with ARC and the combined company will operate as ARC,” DBRS said in a press release.

The trend is stable.

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