DBRS Assigns Rating of BBB (high) to Liberty Utilities Finance GP1’s Senior Notes, Stable Trend

DBRS Limited (DBRS) has today assigned a rating of BBB (high) with a Stable trend to the USD 160 million Series D Senior Notes (Series D Notes) of Liberty Utilities Finance GP1 (the Issuer).

The Issuer’s payment obligations under the Fourth Supplemental Indenture dated as of April 30, 2015, and the Series D Notes rank pari passu, without preference or priority, with all indebtedness of the Issuer issued under the Indenture dated as of July 2, 2012. The Issuer will use the proceeds of the sale of the Series D Notes for general corporate purposes.

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.

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

The applicable methodology is Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry, which can be found on our web site under Methodologies.