S&P Raises Husky's Ratings

John C.S. Lau, president and CEO of Husky Energy Inc., said that Standard & Poor's Rating Services, a global credit rating agency, has raised the company's long-term corporate credit and senior unsecured debt ratings from BBB to BBB+ with a stable outlook.

In upgrading the long-term rating, Standard & Poor’s based its decision on Husky's recent start of production at White Rose and the company’s very good internal growth prospects, competitive full-cycle cost profile, and consistently moderate financial risk profile.

“We are pleased that Standard & Poor’s has recognized the company's strong financial and operational performance,” said Lau. “By maintaining our focus on financial discipline, together with strong oil prices and growth in Husky's high-quality diversified asset portfolio, we believe the company’s financial and operational performance will continue to improve.”

Husky Energy is a Canadian-based, integrated energy and energy-related company headquartered in Calgary, Alberta. Husky Energy is publicly traded on the Toronto Stock Exchange under the symbol HSE.