DBRS Rates AltaGas Ltd. New Issue at BBB, Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to the US$175 million Senior Unsecured Medium-Term Notes (Notes) issue of AltaGas Ltd. The Notes carry a floating-rate coupon of three-month LIBOR plus 0.79% and mature on April 13, 2015. The issue is expected to settle on April 12, 2013.

Net proceeds from the sale of the above-noted securities will be used for repayment of bank indebtedness and for general corporate purposes.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating North American Pipeline and Diversified Energy Companies (May 2011), which can be found on the DBRS website under Methodologies.