DBRS Assigns Provisional Rating to EnerCare Solutions Inc.’s New Issue – BBB (high), Stable Trend

DBRS has today assigned a provisional rating of BBB (high) with a Stable trend to the $250 million 4.30% Series 2012-1 Senior Unsecured Notes issuance of EnerCare Solutions Inc., maturing on November 30, 2017. The transaction is expected to settle on November 21, 2012.

The net proceeds from the sale of the above-noted securities will be used primarily to redeem the $240 million bonds maturing March 15, 2013, and for general corporate purposes.

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

The applicable methodology is Rating Companies in the Consumer Products Industry, which can be found on our website under Methodologies.