Keyera Corp.: Rating Report

DBRS Limited (DBRS) assigned an Issuer Rating to Keyera Corp.
(Keyera or the Company) at BBB with a Stable trend. The assigned
rating reflects Keyera’s solid business risk profile and
strong (albeit modestly weaker than the 2013–2015 period) financial
performance in the 12 months ended June 30, 2017 (LTM
June 2017). This performance was achieved in light of a high
capital expenditure (capex) period. All credit metrics for LTM
June 2017 are solidly supportive of the assigned rating.