DBRS Rates AltaLink, L.P. MTN Offering at “A” with a Stable Trend

DBRS has today assigned a rating of “A” with a Stable trend to the prospective $150 million offering of AltaLink, L.P. (AltaLink) of 4.872% medium-term notes (secured), due November 15, 2040. This offering is expected to settle on November 15, 2010.

The offering is being issued pursuant to AltaLink’s $1.3 billion short-form base shelf prospectus dated August 16, 2010, and will rank pari passu with all other senior secured indebtedness of AltaLink. Proceeds will be used to repay short-term indebtedness and for general corporate purposes.

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

The applicable methodology is Rating North American Energy Utilities (Electric, Natural Gas, and Pipelines), which can be found on our website under Methodologies.