Press Release

DBRS Rates Tim Hortons $100 Million Issue A (low) with a Stable Trend

Consumers
November 25, 2010

DBRS has today assigned a rating of A (low) with a Stable trend to Tim Hortons Inc.’s $100 million issue of 4.2% senior unsecured notes, Series 1, due June 1, 2017.

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

The applicable methodology is Rating Food Retailers, which can be found on our website under Methodologies.

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