Emera Inc.: Rating Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  25-Apr-16	Issuer Rating	BBB (high)	--	UR-Dev.	CA
  25-Apr-16	Medium-Term Notes	BBB (high)	--	UR-Dev.	CA
  25-Apr-16	Preferred Shares - Cumulative	Pfd-3 (high)	--	UR-Dev.	CA

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