DBRS Rates Nova Scotia Power Inc.’s CAD 175 Million Medium-Term Notes at A (low), Stable

DBRS Limited (DBRS) has today assigned a rating of A (low) with a Stable trend to Nova Scotia Power Inc.’s offering of CAD 175 million 3.612% Medium-Term Notes (unsecured) due May 1, 2045 (the Notes). The settlement date for the Notes is April 30, 2015.

DBRS understands that the net proceeds from the offering of the Notes will be for general corporate purposes, including the repayment of maturing corporate term debt.

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 (October 2014) and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (April 2015), which can be found on the DBRS website under Methodologies.

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