DBRS Assigns AAA Rating to CPPIB Capital Inc.’s CAD 1.0 Billion Series 14 Notes

DBRS Limited (DBRS) assigned a rating of AAA with a Stable trend to the CAD 1.0 billion Series 14 Notes (the Series 14 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 1.950% and a maturity date of September 30, 2029. 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 14 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 Canadian dollars 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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