DBRS confirms Veresen

DBRS said it confirmed the senior unsecured notes and the preferred shares of Veresen Inc. at BBB (high) and Pfd-3 (high).

The trend is stable.

The confirmation reflects the relatively stable cash flow from the company's regulated pipeline businesses, DBRS said.

The business risk profile of Veresen has changed materially over the past few years, the agency said, as the company has shifted away from its traditional pipeline business toward natural gas gathering and processing and power generation businesses.

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