DBRS Assigns a Rating of “A” to Alectra Inc.’s $200 Million Senior Unsecured Debentures

DBRS Limited (DBRS) assigned a rating of “A” with a Stable trend to the $200 million Series 2019-1 Senior Unsecured Debentures (the Series 2019-1 Debentures) issued by Alectra Inc. (the Issuer). The rating being assigned is based upon the rating on an already-outstanding series of the above-mentioned debt instrument.

The Issuer intends to use the net proceeds from the issue of the Series 2019-1 Debentures to repay its indebtedness and for general corporate purposes.

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

The principal methodologies are Rating Companies in Regulated Electric, Natural Gas and Water Utilities Industry (September 2018) and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (March 2019), which can be found on www.dbrs.com under Methodologies & Criteria.

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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

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