DBRS confirms Terasen

DBRS said it confirmed the rating for the medium-term debentures and unsecured subordinated debentures of Terasen Inc. at BBB (high).

The trend is stable.

Ratings reflect the low business risk profile of its regulated utility subsidiaries and their stable cash flows, the agency said.

Ratings also reflect the modest amount of external debt at the Terasen level, as well as the strength of owner Fortis Inc. (rated BBB), DBRS said.

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