DBRS Morningstar Discontinues Rating on Newfoundland Power Inc.’s Preferred Shares

DBRS Limited (DBRS Morningstar) discontinued Newfoundland Power Inc.’s (the Company) Preferred Shares – cumulative, redeemable rating following the redemption of all the Company’s outstanding Cumulative Redeemable First Preference Shares, Series A, B, D, and G.

Notes:
The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (September 2019) and DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers (November 2019), which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

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