Press Release

DBRS Discontinues Ratings on Emera Inc.

Utilities & Independent Power
June 01, 2016

DBRS Limited (DBRS) has today discontinued the Issuer Rating, Medium-Term Notes and Preferred Shares – Cumulative ratings of Emera Inc. (Emera or the Company). The ratings are being discontinued at the Company’s request. Prior to the rating discontinuation, Emera’s ratings were Under Review with Developing Implications following the announcement that the Company agreed to acquire TECO Energy Incorporated on September 4, 2015.

Note:
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; Preferred Share and Hybrid Criteria for Corporate Issuers and Rating Holding Companies and Their Subsidiaries, which can be found on our website under Methodologies.

Ratings

Emera Inc.
  • Date Issued:Jun 1, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Jun 1, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Jun 1, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:CA
  • 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

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.