DBRS Assigns BB Rating to Newalta New Debt Issuance, Stable Trend

DBRS has today assigned a rating of BB, with a Stable trend, to Newalta Corporation’s (Newalta or the Company) $125 million 7.625% Senior Unsecured Debentures, Series 1 due November 23, 2017 (Debentures). The Debentures will be direct senior unsecured obligations of Newalta and will rank pari passu in right of payment with all other unsecured and unsubordinated indebtedness of Newalta.

See DBRS’s Newalta press release dated November 10, 2010, for further details.

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

The applicable methodologies are Rating the Industrial Products Industry and Rating Methodology for Leveraged Finance, which can be found on our website under Methodologies.