DBRS Finalizes Rating on the University of Ottawa’s Series B Debentures at AA (low)

DBRS Limited (DBRS) has today finalized the provisional rating of AA (low) with a Stable trend on the Series B Senior Unsecured Debentures (the Debentures) issued by the University of Ottawa (the University). The $200 million Debentures have a coupon rate of 3.256% and mature on October 12, 2056. The Debentures rank equally with all of the University’s other present and future unsecured and unsubordinated indebtedness.

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 methodology is Rating Public Universities, which can be found on our website under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.