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

DBRS has today assigned a rating of BBB with a Stable trend to the CAD 300 million 4.50% Medium-Term Notes, Series 14, maturing on August 15, 2044 (the Notes), issued by AltaGas Ltd. The settlement date for the Notes is August 15, 2014.

Net proceeds from the sale of the above-noted securities will be used to pay down existing bank indebtedness of AltaGas Ltd. and for general corporate purposes.

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

The applicable DBRS methodologies are Rating Pipeline and Diversified Energy Companies (January 2014) and Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (January 2014), which can be found on our website under Methodologies.

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.