DBRS Confirms Gaz Métro inc. at R-1 (low), Stable Trend, with CP Limit Increase

DBRS Limited (DBRS) has today confirmed the Commercial Paper (CP) rating of Gaz Métro inc. (GMi) at R-1 (low) with a Stable trend. DBRS notes that GMi’s CP program increased to $800 million from $600 million, effective December 2, 2015. DBRS expects GMi to continue to maintain adequate liquidity to manage the refinancing risk associated with the CP program.

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

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.

The applicable methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry, DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers and DBRS Criteria: Guarantees and Other Forms of Explicit Support, which can be found on our website under Methodologies.