DBRS Assigns CP Rating of R-1 (low), Stable to Husky Energy Inc.

DBRS has today assigned a Commercial Paper (CP) rating of R-1 (low) with a Stable trend to Husky Energy Inc. (Husky; rated A (low)), and set a CP limit of CAD 1.0 billion. The rating is based on Husky’s adequate liquidity available to manage the refinancing risk associated with the CP program. Husky has CAD 3.23 billion committed backup credit facilities in place with sufficient same-day liquidity.

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

The applicable methodology is Rating Companies in the Oil and Gas Industry (July 2013) and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (February 2014), which can be found on the DBRS website under Methodologies.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.