DBRS confirms Cameco

DBRS said it confirmed the issuer rating and senior debt rating of Cameco Corp. at BBB (high).

The agency also confirmed the commercial paper rating at R-2 (high).

The trends are negative.

“The primary reason for the negative trends is the ongoing weakness in uranium prices as spot uranium prices are currently tracking about 3% lower through the end of April 2018, compared with 2017,” the agency said in a news release.

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