DBRS Notes the CP Limit Increase of Nova Scotia Power Inc.

DBRS Limited (DBRS) today notes that Nova Scotia Power Inc. (NSPI; rated A (low), Stable trend) has increased the limit of its commercial paper (CP) program to $500 million from $400 million. NSPI’s current CP rating of R-1 (low), with a Stable trend, remains unchanged. DBRS expects NSPI to maintain adequate liquidity to manage the refinancing risk associated with its CP program.

Notes:
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.

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 Preferred Share and Hybrid Criteria for Corporate Issuers, which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.