DBRS affirms Ontario Power

DBRS said it affirmed Ontario Power Generation Inc.'s A (low) debt rating and R-1 (low) commercial paper rating.

The trend is stable.

The rating confirmations reflect the company's relatively modest level of business risk, stemming from its regulated and non-regulated electricity generation operations; its solid financial profile, underpinned by its stable balance sheet and credit metrics; an improved regulatory environment; and the company's limited credit risk exposure, DBRS said.

The ratings also consider the company's provincial ownership and stand-alone financial profile, the agency said.

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