FortisBC Energy Inc.: Rating Report

On December 15, 2023, DBRS Limited (DBRS Morningstar) confirmed FortisBC Energy Inc.’s (FEI) Issuer Rating and MTNs & Unsecured Debentures credit rating at “A” and its Commercial Paper credit rating at R-1 (low). All trends are Stable. The confirmations reflect FEI’s stable business risk profile and solid financial results. The Stable trends incorporate DBRS Morningstar’s expectation that, in light of the latest cost of capital decision, FEI's key metrics would improve while remaining within the range of its current credit rating category.