DBRS Finalizes Provisional Rating on OPB Finance Trust’s Series D Debentures Due 2022 at AA (high), Stable

DBRS Limited (DBRS) has today finalized the provisional rating of AA (high) with a Stable trend on the $250 million 1.88% Series D Debentures (the Debentures) issued by OPB Finance Trust (the Trust), maturing on February 24, 2022. The Debentures will be unconditionally and irrevocably guaranteed by the Ontario Pension Board (OPB), and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Trust. Net proceeds will be used to finance OPB real estate transactions.

Notes:
All figures are in Canadian dollars 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 (May 2014) and DBRS Criteria: Guarantees and Other Forms of Explicit Support (February 2015), which can be found on our website under Methodologies.

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