DBRS Discontinues Commercial Paper Rating of Cenovus Energy Inc.

DBRS Limited (DBRS) has today discontinued the Commercial Paper (CP) rating of Cenovus Energy Inc. (Cenovus or the Company). The CP rating is being discontinued at the request of the Company, and DBRS notes that the discontinuation of the CP rating is unrelated to the credit risk profile of the Company. DBRS will continue to rate Cenovus’s Issuer Rating and Senior Unsecured Debt, which are both currently rated BBB (high) with Negative trends.

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 Oil and Gas Industry (September 2016) and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (April 2016), 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.