DBRS Rates PowerStream Inc.’s New Debt Issue at “A”, Stable Trend

DBRS has today assigned a rating of “A” with a Stable trend to the $200 million 3.958% Senior Unsecured Debentures Series A (the Debentures) of PowerStream Inc. (PowerStream) maturing July 30, 2042.

The Debentures will rank equally with all of PowerStream’s existing and future senior unsecured indebtedness. Net proceeds from the sale of the above-noted securities will be used for the repayment of indebtedness and for general corporate purposes.

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

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