FortisBC Energy Inc.: Rating Report

On December 17, 2020, DBRS Limited (DBRS Morningstar) confirmed FortisBC Energy Inc.’s (FEI or the Company) Issuer Rating and MTNs & Unsecured Debentures rating at “A” and its Commercial Paper rating at R-1 (low). All trends remain Stable. The confirmations reflect FEI’s strong financial risk profile despite the ongoing Coronavirus Disease (COVID-19) pandemic. The confirmations also reflect DBRS Morningstar’s expectation that the regulatory framework in British Columbia (BC) will remain supportive and stable as FEI is in the first year of its 2020–24 Multi-Year Rate Plan (MRP). DBRS Morningstar expects that the MRP will not materially change FEI’s business risk profile over the medium term.