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DBRS assigns TransAlta preferreds Pfd-3
DBRS said it has assigned a provisional rating of Pfd-3 with a stable trend to the preferred shares to be issued by TransAlta Corp.
The company plans to issue $225 million of cumulative redeemable rate reset first preferred shares, series E, which includes the exercised underwriters' option, the agency said.
DBRS noted that TransAlta's ratings are currently under review with developing implications, and the review will include this provisional rating, pending the successful completion of the issuance.
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