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

DBRS has today assigned a rating of BBB with a Stable trend to the $200 million 4.40% Senior Unsecured Medium-Term Notes, maturing on March 15, 2024, and the $100 million 5.16% Senior Unsecured Medium-Term Notes, maturing on January 13, 2044 (collectively, the Notes), issued by AltaGas Ltd. The settlement date for the Notes is January 13, 2014.

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

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

The applicable methodologies are Rating North American Pipeline and Diversified Energy Companies and Rating Companies in the North American Energy Utilities (Electric and Natural Gas) Industry, which can be found on our website under Methodologies.