Keyera Corp.: Rating Report
On October 20, 2020, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the rating of the Senior Unsecured Notes of Keyera Corp. (Keyera or the Company) at BBB. DBRS Morningstar also confirmed the rating of the Company’s Fixed to Floating Subordinated Notes at BB (high). All trends are Stable. The confirmations are based on the Company’s financial resiliency in coping with the current low oil price environment and the ongoing Coronavirus Disease (COVID-19) pandemic.Key Petroleum is engaged in acquisition of petroleum permits, and the exploration of these permits with the objective of identifying economic oil and gas deposits.
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