Bullboard - Stock Discussion Forum Fortis Inc FTRSF

Primary Symbol: T.FTS Alternate Symbol(s): FTS | T.FTS.PR.F | FORFF | T.FTS.PR.G | T.FTS.PR.H | FRTSF | T.FTS.PR.J | T.FTS.PR.I | T.FTS.PR.K | T.FTS.PR.M | FTPSF

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utility businesses include ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains... see more

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TSX:FTS - Post Discussion

Fortis Inc > DBRS

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Post by Dibah420 on Nov 10, 2023 10:31am

DBRS

DBRS Rates Fortis' Newly Issued $500 Million Senior Unsecured Notes

MT Newswires - Nov 09, 2023 1:43 PM EST

01:43 PM EST, 11/09/2023 (MT Newswires) -- DBRS on Wednesday assigned a rating of A (low) with a Stable trend to Fortis' (FTS.TO) new $500 million senior unsecured notes, maturing on Nov. 8, 2033.

The rating assigned to this newly issued debt instrument is based on the rating of the already-outstanding debt series of unsecured debentures.

The company plans to use the net proceeds for repayment of existing debt and general corporate purposes.

The company's stock was up 0.9% on last look on Thursday.

Price: 56.33, Change: +0.51, Percent Change: +0.91

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