DBRS Rates Hydro One’s $350 million MTN Issue at A (high), Stable

DBRS Limited (DBRS) has today assigned a rating of A (high) with a Stable trend to Hydro One Inc.’s (Hydro One) issuance of CAD 350 million Medium Term Notes (Series 33), maturing April 30, 2020 (the MTNs). The MTNs settle on April 30, 2015.

The MTNs will rank pari passu with all other unsecured and unsubordinated indebtedness of Hydro One. Proceeds from the issue are expected to be used for general corporate purposes.

Notes:
The applicable methodology is 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.

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