DBRS Rates AltaLink, L.P. MTN Issues at “A,” Under Review - Developing

DBRS has today assigned a rating of “A,” to AltaLink, L.P.’s (AltaLink) issuances of $350 million Series 2014-1 and $130 million Series 2014-2 Medium-Term Notes (Secured; the MTNs), maturing June 6, 2024, and June 6, 2064, respectively. The rating is currently Under Review with Developing Implications. The MTNs settled on June 6, 2014.

The MTNs were issued pursuant to AltaLink’s $2.5 billion Short Form Base Shelf Prospectus dated November 9, 2012, and will rank pari passu with each other and with all present and future senior, secured indebtedness of AltaLink. The proceeds will be used for repayment of short-term indebtedness and for general corporate purposes.

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

The applicable methodology is Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (January 2014), which can be found on the DBRS website under Methodologies.

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info@dbrs.com.