DBRS Morningstar Assigns Provisional Rating of A (high), Stable, to York University’s Senior Unsecured Series B Debentures

DBRS Limited (DBRS Morningstar) assigned a provisional rating of A (high) with a Stable trend to York University’s (York or the University) proposed Senior Unsecured Series B Debentures (Series B Debentures). The rating being assigned is based upon the rating on already-outstanding series of the above-mentioned debt instrument.

The $100 million Series B Debentures will be direct senior unsecured obligations of the University and will rank equally with its other unsecured obligations. York will use the proceeds of the issuance to fund the construction of its Markham Centre Campus.

For more information about York, please refer to DBRS Morningstar’s most recent rating report dated December 16, 2019.

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

The principal methodology is Rating Public Universities, which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].

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