Union Gas Limited: Rating Report

DBRS Limited (DBRS) confirmed the Issuer Rating and Unsecured Debentures/Medium-Term Note Debentures rating of Union Gas Limited (Union or the Company) at “A,” the Company’s Commercial Paper rating at R-1 (low) and its Cumulative Redeemable Preferred Shares rating at Pfd-2. All trends are Stable. The rating confirmations largely reflect Union’s relatively low-risk gas distribution business, which operates under a supportive regulatory framework in an economically stable service territory with a large and growing customer base.