Morningstar DBRS Assigns a Credit Rating of A (high) With a Stable Trend to CU Inc's $370 Million Unsecured Debentures

DBRS Limited (DBRS Morningstar) assigned a rating of "A (high)" with a Stable trend to CU Inc's (CUI) $370 million Unsecured Debentures, due September 16, 2055. The rating assigned to this newly issued debt instrument is based on the rating of the already-outstanding debt series of debentures. Please refer to Morningstar DBRS press release dated July 23, 2025 (https://dbrs.morningstar.com/research/459397) for more information, including all relevant disclosures.

CUI will use the net proceeds from the notes offering to finance capital expenditures, to repay existing indebtedness and for general corporate purposes.

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

For more information on Morningstar DBRS' policy regarding the solicitation status of credit ratings, please refer to our Credit Ratings Global Policy, which can be found in the Morningstar DBRS Understanding Ratings section of our website:
https://dbrs.morningstar.com/understanding-ratings

Information regarding Morningstar DBRS credit ratings, including definitions, policies, and methodologies, is available on https://dbrs.morningstar.com or contact us at [email protected].

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