DBRS Confirms Manitoba Hydro-Electric Board at A (high) with Stable Trend

DBRS has today confirmed the Long-Term Obligations of The Manitoba Hydro-Electric Board (Manitoba Hydro or the Utility) at A (high) and its Short-Term Obligations at R-1 (middle), both with Stable trends. The rating confirmations reflect the short-term and long-term ratings of the Province of Manitoba (the Province). Manitoba Hydro’s ratings are a flow-through of the Province’s ratings based on (1) the implicit support of the Province as Manitoba Hydro is for all purposes an agent of the Province and (2) the unconditional guarantee provided by the Province on the majority of its outstanding obligations.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Utilities (Electric, Pipelines & Gas Distribution), which can be found on our website under Methodologies.

This is a Corporate rating.