Morningstar DBRS Assigns Rating of A (low) with a Stable Trend to FortisBC Inc.'s $100 Million Senior Unsecured Medium Term Note Debentures

DBRS Limited (Morningstar DBRS) assigned ratings of A (low) with a Stable trend to FortisBC Inc.'s (FBC or the Issuer) $100 million 4.92% Senior Unsecured Medium Term Note Debentures, maturing on August 12, 2054.

The net proceeds will be used for general corporate purposes, including repayment of existing indebtedness and financing the Issuer's capital expenditure program and working capital requirements.

The credit rating assigned to this newly issued debt instrument is based on the credit rating of an already-outstanding debt series of the above-mentioned debt instrument. Please refer to https://dbrs.morningstar.com/research/429108 for more information, including all relevant disclosures.

BUSINESS RISK ASSESSMENT (BRA) AND FINANCIAL RISK ASSESSMENT (FRA)

A) Weighting of BRA Factors
In the analysis of FBC, the BRA factors were considered in the order of importance contemplated in the methodology.

B) Weighting of FRA Factors
In the analysis of FBC, the FRA factors were considered in the order of importance contemplated in the methodology.

C) Weighting of the BRA and the FRA
In the analysis of FBC, the BRA carries greater weight than the FRA.

Information regarding Morningstar DBRS credit ratings, including definitions, policies, and methodologies, is available on dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.

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

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