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Published on 1/21/2021 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS assigns Tourmaline Oil notes BBB

DBRS said it assigned a provisional BBB rating to Tourmaline Oil Corp.’s C$250 million of 2.077% senior unsecured notes, series 1 due 2028.

Tourmaline plans to use the proceeds primarily for refinancing debt and for general corporate purposes.

The trend is stable.


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