DBRS Rates Husky Energy Inc.’s New Issue at A (low), Stable

DBRS has today assigned a rating of A (low) with a Stable trend to the $500 million 3.950% senior unsecured notes (the Notes) issue of Husky Energy Inc. (Husky) maturing on April 15, 2022. The issue is expected to settle on March 22, 2012.

The Notes will rank equally with all of Husky’s other senior unsecured indebtedness. Net proceeds from the issue will be used for general corporate purposes, which may include the repayment of a portion of Husky’s outstanding indebtedness.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Oil and Gas Companies, which can be found on our website under Methodologies.