DBRS Rates Canadian Tire’s $200 Million Medium-Term Notes Issue at A (low), Stable

DBRS has today assigned a rating of A (low) to Canadian Tire Corporation, Limited’s (the Company) $200 million 5.65% Medium-Term Notes (the Notes) due June 1, 2016. The trend is Stable.

The proceeds are intended to be used for general corporate purposes. The Notes will be direct, unsecured obligations of Canadian Tire Corporation, Limited, ranking pari passu with all other unsecured and unsubordinated indebtedness of the Company.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Merchandisers, which can be found on the DBRS website under Methodologies.

This is a Corporate Rating.