DBRS confirms Suncor

DBRS said it confirmed the ratings of Suncor Energy Inc.'s commercial-paper and debentures and medium-term notes at R-1 (low) and A (low), respectively, as well as the PC Financial Partnership's senior notes at A (low).

The trend is stable.

The senior notes are guaranteed by Suncor Energy and Suncor Energy Oil Sands LP.

The confirmation is based on the company's strong financial profile, continued future growth prospects and integrated operations, DBRS said.

Although realized commodity prices were lower in the quarter ending June 30, Suncor's financial profile remained strong among its peer group through the first half of 2012 as a result of its highly integrated business model, the agency said.

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