DBRS assigns Pfd-3 (high) to Veresen preferreds

DBRS said it assigned a provisional rating of Pfd-3 (high) to the preferred shares to be issued by Veresen Inc.

Veresen plans to issue C$150 million of cumulative redeemable preferred shares, series A.

DBRS said Veresen's ratings are under review with developing implications, and the review will include this provisional rating, pending the successful completion of the issuance.

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