Cameco Corporation: Rating Report
On May 26, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Debt ratingof Cameco Corporation at BBB and the Commercial Paper rating at R-2 (middle). All trends remain Stable.
Cameco and its subsidiaries are engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. Co. has three reportable segments: uranium, which explores for, mines, mills, purchases, and sells uranium concentrate; fuel services, which refines, converts and fabricates uranium concentrate, and purchases and sells conversion services; and electricity, which generates and sells electricity through its 31.6% interest in the Bruce Power Limited Partnership, which operates four nuclear reactors and manages the overall site in southern Ontario.
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