DBRS Finalizes Rating on Trent University’s Series A Debentures at “A”

DBRS Limited (DBRS) has today finalized the provisional rating of “A” with a Stable trend on the Senior Unsecured Series A Debentures (the Debentures) issued by Trent University. The $71.0 million Debentures have a coupon rate of 4.139% and mature on February 17, 2057. The Debentures rank equally with all of the University’s 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 principal methodology is Rating Public Universities, which can be found on dbrs.com 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.

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