FortisBC Inc.: Rating Report

On March 4, 2020, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating, Secured Debentures rating, and Unsecured Debentures rating of FortisBC Inc. (FBC or the Company) at A (low). DBRS Morningstar also confirmed FBC’s Commercial Paper rating at R-1 (low). All trends are Stable. The confirmations reflect FBC’s stable business risk profile and stable financial performance. The Unsecured Debentures have the same rating as the Secured Debentures because the amount of Secured Debentures outstanding is minimal (approximately 3.4% of total long-term debt).