Credit Rating Report

Hydro-Québec: Rating Report

Utilities & Independent Power

Summary

DBRS Limited (DBRS Morningstar) updated its report on Hydro-Québec (Hydro-Québec or the Company). The ratings assigned to the Company's Guaranteed Long-Term Debt and Commercial Paper are a flowthrough of the ratings of the Province of Québec (the Province; rated AA (low) and R-1 (middle) with Stable trends by DBRS Morningstar).

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