DBRS Releases Report on Newfoundland and Labrador Hydro

DBRS has today released a report on Newfoundland and Labrador Hydro (Hydro) that provides further detail on the recent confirmation of the ratings.

The debt ratings are a flow-through of the ratings of the Province of Newfoundland and Labrador, which unconditionally guarantees all of Hydro’s outstanding debt. The unconditional guarantee extends to principal, interest and, where applicable, sinking fund payments relating to the Company’s promissory notes, debentures and long-term loans.

To obtain a copy of the report or the July 26, 2011, press release, please see the links under Related Research.