DBRS confirms Canadian Oil Sands

DBRS said it confirmed Canadian Oil Sands Ltd.'s senior long-term debt rating at BBB with a stable trend.

The confirmation reflects the company's strong asset base in Alberta's oil sands, good growth prospects and strong financial profile, the agency said.

Key challenges are the company's reliance on a single oil sands mining project, significant exposure to crude oil, rising cost inflation pressure and potential balance-sheet pressure from planned major capital investments, DBRS said.

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