TSX:FTS - Post Discussion
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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