DBRS Assigns Rating of R-1 (low) with a Stable Trend to FortisBC Inc.’s Commercial Paper

DBRS Limited (DBRS) assigned a rating of R-1 (low) with a Stable trend to FortisBC Inc.’s (FBC or the Issuer) Commercial Paper.

The Issuer’s Commercial Paper program will be fully backed by FBC’s existing $150 million operating credit facility, maturing on April 30, 2023. The Commercial Paper rating is based on FBC’s Issuer Rating of A (low) with a Stable trend.

Notes:
All figures are in Canadian dollar unless otherwise noted.

The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (September 2018) and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers, which can be found on dbrs.com under Methodologies & Criteria.

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 under Related Documents or by contacting us at info@dbrs.com.

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.

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

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada