DBRS confirms Veridian

DBRS said it has confirmed the issuer rating of Veridian Corp. at A with a stable trend.

The rating continues to reflect Veridian's low business risk profile and the stable cash flows of its regulated utility subsidiary, stable credit metrics, the supportiveness of its shareholders and the opportunity for the company to historically earn higher margins from its non-regulated operations, the agency added.

The rating also reflects the low allowed return on equity under which its subsidiaries operate and the lack of access to the public equity markets, DBRS noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.