Fortis Inc.: Rating Report

On May 4, 2021, DBRS Limited (DBRS Morningstar) upgraded Fortis Inc.’s Issuer Rating and Unsecured Debentures rating to A (low) from BBB (high) and Fortis’ Preferred Shares rating to Pfd-2 (low) from Pfd-3 (high). DBRS Morningstar also changed all trends to Stable from Positive.