DBRS Finalizes Enersource Corporation’s Senior Unsecured Debentures at “A” with a Stable Trend

DBRS has today finalized its provisional rating of Enersource Corporation’s Senior Unsecured Debentures (the Debentures) at “A” with a Stable trend and assigned a rating of “A” to the following new debt issues:

(1) Proposed $110 million 4.521% Senior Unsecured Debentures, Series A, due April 29, 2021.

(2) Proposed $210 million 5.297% Senior Unsecured Debentures, Series B, due April 29, 2041.

The new debt issues are expected to settle on April 29, 2011.

The Debentures rank equally with all of Enersource Corporation’s other senior unsecured obligations.

DBRS assigned the provisional rating of “A” with a Stable trend to the Senior Unsecured Debentures on April 14, 2011 (see related news release).

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

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