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DBRS confirms Terasen
DBRS said it confirmed the rating on the medium-term note debentures of Terasen Inc. at BBB (high).
The trend is stable.
The rating reflects the low business risk profile and stable cash flows of its regulated utility subsidiaries, stable credit metrics and the strong parental support of its parent, Fortis Inc., DBRS said.
The rating also considers the regulatory ring-fencing and structural subordination considerations at its subsidiaries, as well as the long-term competitiveness of natural gas vis-à-vis alternative energy sources.
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