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S&P applies A rating to Hydro One
Standard & Poor's said it assigned its A long-term corporate credit rating to Hydro One Ltd. (HOL) and determined its group credit profile to be a.
At the same time, the agency affirmed its ratings on Hydro One Inc. (HOI), including its A long-term corporate credit rating.
The outlooks are stable.
S&P is revising the company's likelihood of government support for the group, including HOI, to "low;" it previously assessed HOI's likelihood of support as "moderately high." In addition, the agency believes HOI is "core" to HOL under its group rating methodology.
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