DBRS: Veresen notes at BBB

DBRS said it assigned a rating of BBB (high) with a stable trend to Veresen Inc.'s new C$150 million of 4% unsecured medium-term notes maturing on Nov. 22, 2018.

The new debt will rank equally with all of Veresen's existing and future senior unsecured debt, the agency said, adding that proceeds from the offering will be used to repay indebtedness, to finance future growth opportunities and/or for general corporate purposes.

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