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Published on 3/2/2022 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

Fitch gives TransCanada notes BBB

Fitch Ratings said it gave a BBB rating to TransCanada Trust's offering of junior subordinated notes due 2082.

The trust's note will be guaranteed on a subordinated basis by TransCanada PipeLines Ltd., rated A-. TC Energy Corp. is the publicly-traded ultimate parent of TransCanada Pipelines.

The proceeds may be used for the repayment of certain TC Energy preferred shares issued.


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