Press Release

DBRS Finalizes Provisional Ratings on PSP Capital Inc.’s Series 6 & 7 Term Notes at AAA

Pension Funds
April 02, 2014

DBRS has today finalized the provisional ratings of AAA, with Stable trends, on the $200 million Series 6 Floating Rate Notes maturing on April 4, 2016, and the $500 million, 3.29% Series 7 Notes maturing April 4, 2024, both issued by PSP Capital Inc. The Notes are unconditionally and irrevocably guaranteed by Public Sector Pension Investment Board, and rank pari passu with all other present and future unsecured and unsubordinated obligations of PSP Capital Inc.

Notes:
All figures are in Canadian unless otherwise noted.

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 Canadian Public Pension Funds & Related Exclusive Asset Managers, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

PSP Capital Inc.
  • Date Issued:Apr 2, 2014
  • Rating Action:Provis.-Final
  • Ratings:AAA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Apr 2, 2014
  • Rating Action:Provis.-Final
  • Ratings:AAA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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