DBRS confirms Veridian

DBRS said it confirmed the issuer rating of Veridian Corp. at A, with a stable trend.

The confirmation reflects Veridian's low business risk profile as a regulated electric distributor, a reasonable regulated framework and good credit metrics (albeit weaker), the agency said. The company's financial profile remained reasonable in 2011, supported by good cash flow and interest coverage ratios, although they were weakened recently due to higher debt levels, the agency noted.

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