Fitch rates Ovintiv BBB

Following its reorganization transactions and redomiciling in the United States, Fitch Ratings said it affirmed and withdrew the long-term issuer default ratings for Encana Corp. and Newfield Exploration Inc., at BBB, and assigned new long-term IDRs of BBB to Ovintiv, Inc., Ovintiv Canada ULC and Ovintiv Exploration Inc. Fitch affirmed the ratings of all existing unsecured debt of these entities at BBB The debt at these entities will be moved under its respective obligors. The outlook for these three entities is stable.

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