10:33 AM EDT, 05/27/2024 (MT Newswires) -- Morningstar DBRS on Monday assigned a credit rating of BBB with a stable trend to Cameco's ( CCJ ) $500 million, 4.94% senior unsecured debentures due May 24, 2031.

It said the rating being assigned is based on the rating of an already outstanding series of the above-mentioned debt instruments.

The rating agency expects Cameco ( CCJ ) to use the net proceeds to repay, at or before maturity, all of its outstanding $500 million 4.19% senior unsecured debentures due June 24.

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