DBRS Finalizes AA (high) Rating on OPB Finance Trust

DBRS has today finalized the provisional ratings of the $350 million Series A Debentures and the $150 million Series B Debentures (the Debentures) of OPB Finance Trust (the Trust or Issuer), which will be maturing on July 4, 2042, and July 4, 2062, respectively, at AA (high), with a Stable trend. The Debentures are unsecured obligations of the Trust, will rank pari passu with all other present and future unsecured and unsubordinated indebtedness of the Trust and are unconditionally and irrevocably guaranteed by the Ontario Pension Board.

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

The applicable methodology is Rating Canadian Public Pension Funds & Related Exclusive Asset Managers (May 2012), which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.