DBRS Rates Hydro One’s New Issue at A (high) and Releases Report

DBRS has today assigned a rating of A (high) with a Stable trend to Hydro One Inc.’s (Hydro One) issuance of $750 million 2.78% and $435 million 4.59% Medium-Term Notes (the Notes), maturing October 9, 2018, and October 9, 2043, respectively. The Notes settled on October 9, 2013.

The Notes will rank pari passu with all other unsecured and unsubordinated indebtedness of Hydro One and will be issued pursuant to its Short-Form Base Shelf Prospectus dated September 4, 2013.

Proceeds from the issue will be used for general corporate purposes.

DBRS has today also released a report on Hydro One, updating the previously released March 8, 2013, report.

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

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