DBRS Assigns Rating of AA to Total Capital Canada’s New Issue

DBRS has today assigned a rating of AA with a Stable trend to the proposed USD 1 billion floating-rate note issue of Total Capital Canada Ltd. maturing on May 13, 2013. The issue is expected to settle on May 24, 2011.

The notes are guaranteed by Total S.A. and rank equally with all of Total Capital Canada Ltd.’s other senior unsecured bonds and debentures.

Notes:
The applicable methodology is Rating Oil and Gas Companies, which can be found on our website under Methodologies.