DBRS gives Veresen notes BBB

DBRS said it has assigned a rating of BBB (high) with a stable trend to the C$200 million of 3.06% series 4 medium-term notes maturing on June 13, 2019 issued by Veresen Inc.

The net proceeds from the sale of the notes, together with general corporate funds, will be used by Veresen to redeem its outstanding C$200 million aggregate principal amount of 5.6% senior unsecured notes series 1 due July 28, 2014, the agency said.

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