DBRS Assigns Rating of A (high) to CU Inc.’s CAD 580 Million Debentures (Unsecured)

DBRS Limited (DBRS) assigned a rating of A (high) with a Stable trend to the CAD 580 million Debentures (Unsecured) (the Debentures) issued by CU Inc. (the Issuer). The rating assigned to this newly issued debt instrument is based on the rating of an already-outstanding debt series of the above-mentioned debt instrument.

The net proceeds to the Issuer from the issue of the Debentures will be used to finance capital expenditures, to repay existing indebtedness and for other general corporate purposes.

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

The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry, DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers and DBRS Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers, which can be found on 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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