DBRS confirms Imperial Oil

DBRS said it confirmed the issuer rating and unsecured debentures rating of Imperial Oil Ltd. at AA and its commercial paper rating at R-1 (middle), all with stable trends.

“IMO’s ratings are underpinned by its superior size as one of Canada’s largest integrated oil companies, above-average geographic diversification within Canada, capital and operational flexibility and highly integrated operations that include relatively more stable earnings and cash flow contributions from its downstream and chemical segments,” the agency said in a news release.

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