DBRS Discontinues Preferred Share Rating of Union Gas Limited

DBRS Limited (DBRS) discontinued the Cumulative Redeemable Preferred Shares rating of Union Gas Limited (Union or the Company). The rating is being discontinued at the request of the Company and follows Union’s redemption of its Cumulative Redeemable Preferred Shares, Class A, Series A, B and C and Class B, Series 10 on November 29, 2018. DBRS notes that the discontinuation of the rating is unrelated to the credit risk profile of the Company.

Notes:
The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry, DBRS Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers, which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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