DBRS confirms Suncor

DBRS said it confirmed the issuer, debentures and medium-term notes ratings of Suncor Energy Inc. at A (low) and Suncor’s commercial paper rating at R-1 (low), all with stable trends.

Furthermore, the senior notes rating of PC Financial Partnership was confirmed at A (low) with a stable trend.

The agency said the confirmations reflect the company’s size, highly integrated business model, long-life, low-decline oil sands assets and capital and operational flexibility.

DBRS noted that capital flexibility has improved considerably with the recent completion and commencement of the Fort Hills oil sands mining project and the Hebron oil development located offshore Newfoundland.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.