DBRS Rates Toronto Hydro Corporation’s $200 Million Senior Unsecured Debentures at A (high), Stable

DBRS has today assigned a rating of A (high) with a Stable trend to Toronto Hydro Corporation’s (THC) 30-year $200 million 4.08% Senior Unsecured Debentures, Series 10 (the Debentures) due September 16, 2044. The settlement date for the Debentures is September 16, 2014.

The Debentures will rank equally (except as to sinking funds and to the extent prescribed by law) with all other unsecured and unsubordinated indebtedness of THC. The net proceeds from the sale of the Debentures will be used to repay certain existing indebtedness and for general corporate purposes.

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

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

The applicable methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers, which can be found on the DBRS website under Methodologies.