PUB-Nalcor-252 Rate Mitigation Options and Impacts Reference Page 1 of 1 1 Q. Please provide the most recent DBRS (or other rating agency) full credit rating 2 report for each Crown-owned electrical corporation listed in PUB-Nalcor-251, 3 similar to the Newfoundland Hydro DBRS reports in the response to PUB-Nalcor- 4 213. 5 6 7 A. Please find attached the most recent DBRS reports: 8 PUB-Nalcor-252, Attachment 1: British Columbia Hydro and Power 9 Authority; 10 PUB-Nalcor-252, Attachment 2: Hydro-Québec; 11 PUB-Nalcor-252, Attachment 3: Ontario Power Generation Inc.; 12 PUB-Nalcor-252, Attachment 4: Saskatchewan Power Corporation; and 13 PUB-Nalcor-252, Attachment 5: Manitoba Hydro-Electric Board. 14 15 DBRS does not complete a ratings report for New Brunswick Power. PUB-Nalcor-252, Attachment 1 Rate Mitigation Options and Impacts Reference, Page 1 of 10 Rating Report British Columbia Hydro and Power Authority Tom Li Ram Vadali, CFA, CPA +1 416 597 7378 +1 416 597 7577
[email protected] [email protected] Ratings Debt Rating Trend Long-Term Obligations (bsd on Prov of BC)* AA (high) Stable Short-Term Obligations (bsd on Prov of BC)* R-1 (high) Stable * These obligations are based on the status of BC Hydro as a Crown agent of the Province and reflect the Province’s debt ratings. The rating assigned to the Long-Term Obligations is also applicable to $10 million of debt issued by BC Hydro and guaranteed by the Province. Rating Update DBRS Limited (DBRS) updated its report on British Columbia positive.