DBRS Rates AltaLink, L.P. MTN Offering at “A”, Stable Trend

DBRS has today assigned a rating of “A” with a Stable trend to AltaLink, L.P.’s (AltaLink) offering of $300 million 3.99% medium-term notes (secured), due June 30, 2042 (the MTNs). The offering settled on June 29, 2012.

The MTNs were issued pursuant to AltaLink’s $1.3 billion short-form base shelf prospectus dated August 16, 2010, and will rank pari passu with all other senior secured indebtedness of AltaLink. Proceeds will be used to repay short-term indebtedness and for general corporate purposes.

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

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