DBRS Morningstar Discontinues and Withdraws Ratings on Fair Hydro Trust Notes

DBRS Limited (DBRS Morningstar) discontinued and withdrew the ratings on the Series 2018-1 Notes and Series 2018-2 Notes (the Notes) issued by Fair Hydro Trust (the Issuer). DBRS Morningstar notes that this rating action is taken at the request of the Issuer and is unrelated to the credit profile of the Notes.

The last rating action was on May 21, 2019, when the credit ratings on the Notes were changed to AA (low) (sf) following Bill 87, Fixing the Hydro Mess Act, 2019, being passed into law by Royal Assent on May 9, 2019.

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

The principal methodology is Rating Canadian Structured Finance Transactions (Appendix: Legislated Utility Collections), 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 Morningstar 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 [email protected].

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