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Dominion Resources Inc.'s $550 Million Junior Subordinated Notes Are Rated 'BBB'

Published Mar 03, 2016

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Abstract:

NEW YORK (Standard&Poor's) March 3, 2016--Standard&Poor's Ratings Services said today that it assigned its 'BBB' issue level rating to Dominion Resources Inc.'s $550 million 4.104% junior subordinated notes due 2021. The notes are subordinated to DRI's existing and future senior unsecured debt. Because the notes are subordinated, but do not contain a deferral provision, we rate the notes at one notch below the company's issuer credit rating. RELATED CRITERIA AND RESEARCH Related Criteria Hybrid Capital Handbook: September 2008 Edition, Sept. 15, 2008 RATINGS LIST Dominion Resources Inc. Corp. credit rating BBB+/Stable/A-2 New Rating Dominion Resources Inc. $550 mil 4.1% jr sub notes due 2021 BBB

Report Type:

Ratings Action

Ticker

DNIRE

Issuer

Dominion Energy, Inc.

GICS

Multi-Utilities (55103010)

Sector

Global Issuers, Structured Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Dominion Resources Inc.'s $550 Million Junior Subordinated Notes Are Rated 'BBB'" Mar 03, 2016. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dominion-Resources-Inc-s-550-Million-Junior-Subordinated-Notes-Are-Rated-BBB-1590883>

APA:	S&P Global Ratings’ Credit Research. (). Dominion Resources Inc.'s $550 Million Junior Subordinated Notes Are Rated 'BBB' Mar 03, 2016. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dominion-Resources-Inc-s-550-Million-Junior-Subordinated-Notes-Are-Rated-BBB-1590883>

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