DBRS Assigns AAA Rating to CPPIB Capital Inc.’s EUR 1.0 Billion Series 13 Notes

DBRS Limited (DBRS) assigned a rating of AAA with a Stable trend to the EUR 1.0 billion Series 13 Notes (the Series 13 Notes) issued by CPPIB Capital Inc. (CPPIB Capital). The rating being assigned is based upon the existing rating assigned to the Medium-Term Notes. The Notes have a coupon rate of 0.750% and a maturity date of July 15, 2049. 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 13 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 euros 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 & Criteria.

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