Westcoast Energy Inc.: Rating Report
On September 3, 2021, DBRS Limited (DBRS Morningstar) confirmed Westcoast Energy Inc.’s (Westcoast or the Company) Issuer Rating and Senior Unsecured Notes rating at A (low) and its Preferred Shares rating at Pfd-2 (low), all with Stable trends. DBRS Morningstar determines its ratings by evaluating the Company’s pipeline operations combined with the benefits of substantial dividends from an “A”-rated entity, as described below. The rating confirmations reflect the regulated, cost-of-service (COS) nature of the Company's natural gas pipeline operations and investment in a strong natural gas distribution franchise (described below), supported by improved credit metrics, at levels that are acceptable for the current ratings, in the last 12 months (LTM) ended June 30, 2021, and that DBRS Morningstar expects to be maintained over the medium term. The Company’s liquidity position remains adequate.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.