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STANDARD AND POOR'S ISSUES NOVA RATING

 STANDARD AND POOR'S ISSUES NOVA RATING
 CALGARY, Alberta, Oct. 29 /PRNewswire/ -- NOVA Corporation of


Alberta (NYSE: NVA; Toronto, Montreal, Calgary, NVA) announced today that Standard and Poor's has established a rating of "A-" for unsecured debt when issued under the Shelf Prospectuses filed by NOVA with the U.S. and Canadian Securities Regulators in September 1992. These prospectuses allow NOVA to raise up to U.S. $600 million and Cdn. $600 million of unsecured debt securities and unsecured debt warrants.
 "We believe the rating is a positive endorsement of the many significant actions taken over the past year to establish a strong balance sheet and to improve financial performance," said Rick Milner, vice president and treasurer of NOVA.
 The company expects this rating will further support its program to raise long-term debt to fund continuing pipeline expansion.
 -0- 10/29/92
 /CONTACT: R.C. (Rick) Milner, 403-290-7788, or S.H. (Sheila) O'Brien, 403-290-7503, both of NOVA Corporation of Alberta/
 (NVA) CO: NOVA Corporation of Alberta ST: Alberta IN: OIL SU:


JL -- LA027 -- 6710 10/29/92 15:20 EST
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Publication:PR Newswire
Date:Oct 29, 1992
Words:179
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