DBRS Assigns AAA Rating to CPPIB Capital Inc.’s Series A Notes

DBRS Limited (DBRS) has today assigned to CPPIB Capital Inc.’s $1 billion, 1.40% Notes, Series A (the Series A Notes) a rating of AAA with a Stable trend. The Series A Notes are unconditionally and irrevocably guaranteed by the Canada Pension Plan Investment Board and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of CPPIB Capital Inc. The Series A Notes mature on June 4, 2020.

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 methodologies are 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.