Credit Rating Report

AltaGas Ltd.: Rating Report

Utilities & Independent Power

Summary

On December 21, 2018, DBRS Limited (DBRS) downgraded the Issuer Rating and the Medium-Term Notes (MTNs) ratings of AltaGas Ltd. (AltaGas or the Company) to BBB (low) from BBB, and the Preferred Shares - Cumulative rating to Pfd-3 (low) from Pfd-3. The trends on the ratings are now Stable.

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