Ontario Teachers’ Pension Plan Board and Related Financing Subsidiaries: Rating Report

DBRS Limited (DBRS) confirmed the Issuer Rating of the Ontario Teachers’ Pension Plan Board (OTPP or the Plan) at AAA. DBRS also confirmed Cadillac Fairview Finance Trust’s (CFFT) Debentures rating at AAA and Ontario Teachers’ Finance Trust’s (OTFT) Long-Term Notes, Canadian Short-Term Promissory Notes and U.S. Commercial Paper Notes ratings at AAA, R-1 (high) and R-1 (high), respectively. All trends remain Stable.