Press Release

DBRS Discontinues Stability Rating of PrimeWest Energy Trust

Energy
January 16, 2008

DBRS has today discontinued the STA-5 (low) stability rating of PrimeWest Energy Trust (PrimeWest) following the closing of its sale to 1350849 Alberta Ltd. and TAQA North Ltd, two wholly owned subsidiaries of Abu Dhabi National Energy Company PJSC.

In a September 24, 2007, press release that followed the announcement of the proposed sale, DBRS changed the stability rating of PrimeWest from Under Review with Positive Implications to Under Review with Developing Implications and noted its expectation that the rating would be discontinued if the transaction were to close.

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  • Unsolicited Non-participating

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