Toronto Hydro Corporation: Rating Report

On April 23, 2018, DBRS Limited (DBRS) confirmed Toronto
Hydro Corporation’s (THC or the Company) Issuer Rating and
Senior Unsecured Debentures & MTNs rating at “A” and the
Commercial Paper (CP) rating at R-1 (low). All trends are Stable.
The ratings reflect THC’s low-risk electricity distribution business,
underpinned by a transparent and supportive regulatory
framework that serves an economically strong franchise area,
and provides relatively predictable earnings.