DBRS Assigns Rating of A (low) with a Stable Trend to EPCOR Utilities Inc.’s 3.949% $200 Million Medium Term Notes

DBRS Limited (DBRS) assigned a rating of A (low) with a Stable trend to EPCOR Utilities Inc.’s (EPCOR or the Company) 3.949% $200 Million Medium Term Notes (the Notes) maturing November 26, 2048. The rating being assigned is based upon the rating on already-outstanding series of the above-mentioned debt instrument. The Notes settled on November 26, 2018.

The Notes will be direct, unsecured and unsubordinated obligations of EPCOR and will rank equally, except as to sinking funds and statutory preferred exceptions, with all other unsecured and unsubordinated indebtedness of the Company.

Net proceeds will be used to repay existing indebtedness and other corporate purposes.

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

The principal methodology is Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (September 2018), which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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