DBRS Rates CU Inc. Debenture Issue at A (high)

DBRS has today assigned a rating of A (high), with a Stable trend, to CU Inc.’s $125 million 4.947% Debentures due November 18, 2050.

The offering is being issued pursuant to CU Inc.’s $1.7 billion Base Shelf Prospectus dated May 28, 2010, and is a direct unsecured obligation ranking pari passu with all other unsubordinated and unsecured indebtedness of CU Inc.

Proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness and for other 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.