DBRS Assigns AAA Rating to CPPIB Capital Inc.’s EUR 1 Billion Series 6 Notes

DBRS Limited (DBRS) assigned a rating of AAA with a Stable trend to the Euro-denominated Series 6 notes (the Series 6 Notes) issued by CPPIB Capital Inc. (CPPIB Capital). The EUR 1 billion Series 6 Notes have a coupon rate of 1.5% and a maturity date of March 4, 2033. CPPIB Capital is a wholly owned subsidiary and principal funding vehicle of Canada Pension Plan Investment Board (CPPIB; rated AAA with a Stable trend by DBRS). The Series 6 Notes are unconditionally and irrevocably guaranteed by CPPIB and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of CPPIB Capital.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodologies are Rating Canadian Public Pension Funds & Related Exclusive Asset Managers and Structured Finance Flow-Through Ratings, 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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