DBRS assigns Veresen notes BBB (high) rating

DBRS said it assigned a rating of BBB (high) with a stable trend to Veresen Inc.'s new debt issuance, including the C$300 million 3.95% medium-term notes maturing on March 14, 2017 and the C$50 million 5.05% MTNs maturing on March 14, 2022.

The new debt will rank equally with all of Veresen's existing and future senior unsecured debt. Net proceeds from the offering will be largely used to repay the company's short-term debt.

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