DBRS Assigns Senior Notes Rating to Liberty Utilities Finance GP1, Discontinues Series A, C and D Ratings

DBRS Limited (DBRS) has today assigned a Senior Notes rating of BBB (high) with a Stable trend to Liberty Utilities Finance GP1 (LUF) and has discontinued its Series A, Series C and Series D Senior Notes ratings as detailed in the table below. DBRS notes that, prior to these rating actions, the Series A, Series C and Series D Senior Notes were rated BBB (high) with a Stable trend and that they, as well as the Series B Senior Notes (previously not rated by DBRS), are now covered under the new Senior Notes rating. These rating actions are unrelated to LUF’s credit quality and are being completed at DBRS’s discretion.

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 methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (October 2016) and DBRS Criteria: Guarantees and Other Forms of Support (February 2016), which can be found on our website under Methodologies.

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