DBRS Finalizes Provisional Rating of AA (high) on British Columbia’s Inaugural 2016 Series 1 Renminbi Bonds

DBRS Limited (DBRS) has today finalized the provisional rating of AA (high) with a Stable trend on the Province of British Columbia’s (the Province) Inaugural 2016 Series 1 Renminbi Bonds (the Bonds) due January 25, 2019. The Bonds were issued in the amount of Chinese Yuan (CNY) 3 billion with a coupon of 2.95%. The Bonds represent unsecured obligations of the Province and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of the Province.

Notes:
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 Provincial Governments, which can be found on our website under Methodologies.

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