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Published on 3/30/2021 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch revises TC Energy outlook to stable

Fitch Ratings said it affirmed TC Energy Corp.’s long-term issuer default rating at A- and preferred share rating at BBB.

Fitch also affirmed TransCanada PipeLines Ltd.’s long-term IDR at A-, senior unsecured rating at A- and short-term IDR and CP rating at F2.

In addition, Fitch affirmed TransCanada Trust's junior subordinated rating at BBB. Trust's junior subordinated notes are guaranteed by TCPL on a subordinated basis.

The outlook has been revised to stable from negative.


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