DBRS Assigns Rating of “A” to the University of Windsor’s Series B Debentures

DBRS Limited (DBRS) has today assigned a rating of “A” with a Stable trend to the Senior Unsecured Series B Debentures (the Series B Debentures) issued by the University of Windsor (the University). The $40.0 million Series B Debentures have a coupon rate of 3.745% and mature on July 16, 2057.

DBRS understands that the net proceeds of the offering will be used to fund capital projects and for working capital. The Series B 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 principal methodology is Rating Public Universities, which can be found on dbrs.com under Methodologies.

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