DBRS Assigns “A” Rating to FortisBC Energy Inc.’s $200 Million Medium Term Note Debentures

DBRS Limited (DBRS) assigned an “A” rating with a Stable trend to the $200 million Medium Term Note Debentures, Series 32 (the MTN Debentures) issued by FortisBC Energy Inc. (FEI). The rating assigned to this newly issued debt instrument is based on the rating of an already-outstanding debt series of the above-mentioned debt instrument.

The net proceeds from the sales of the MTN Debentures will be used for general corporate purposes, including repayment of existing indebtedness and financing FEI’s capital expenditure program and working capital requirements.

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

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

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.

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