DBRS Assigns a Rating of AA (high) to British Columbia’s 2017 Renminbi Series 1 Bonds

DBRS Limited (DBRS) assigned a rating of AA (high) with a Stable trend to the Province of British Columbia’s (the Province) 2017 Renminbi Bonds Series 1 (the Bonds) due November 23, 2020. The Bonds were issued in the amount of CNY 1 billion with a coupon of 4.80%. 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:
All figures are in Chinese yuan unless otherwise noted.

The principal methodology is Rating Canadian Provincial Governments, which can be found on dbrs.com under Methodologies.

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

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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