Morningstar DBRS Assigns Credit Rating of BBB (high) With Stable Trend to TriSummit Utilities Inc.'s $150 Million Medium Term Notes Offering

DBRS Limited (DBRS Morningstar) assigned a credit rating of BBB (high) with a Stable trend to the TriSummit Utilities Inc.'s (TSU) $150 million 4.48% Medium Term Notes Series 6 offering due April 24, 2032.

The net proceeds will be used (1) to repay amounts outstanding under TSU's Canadian syndicated revolving credit facility and associated operating credit facility; and (2) for general corporate purposes.

The credit rating assigned to this newly issued debt instrument is based on the credit rating of an already-outstanding debt series of the above-mentioned debt instrument. Please refer to press release dated November 13, 2024 (https://dbrs.morningstar.com/research/442912), for more information, including all relevant disclosures.

Information regarding Morningstar DBRS credit ratings, including definitions, policies, and methodologies, is available on https://dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.

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

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