DBRS Assigns Commercial Paper Rating of R-1(low) to TMX Group Limited

DBRS has today assigned a new Commercial Paper rating of R-1(low) with a Stable trend to TMX Group Limited (TMX or the Company). The rating applies to the $400 million Commercial Paper program initiated by TMX, which includes liquidity backstop arrangements consistent with DBRS’s expectations under its methodology, DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers. TMX has an A (high) Issuer Rating and an A (high) Senior Unsecured Debt rating with a Stable trend, which were assigned by DBRS in September 2013. DBRS anticipates that proceeds from commercial paper will initially be used to refinance existing bank debt.

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

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The primary methodologies are the General Corporate Methodology, including the specific section for the TMX Group Limited found in the Appendix, Rating Holding Companies and their Subsidiaries and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers. Each of these can be found on our website under Methodologies. Supporting documents include Rating Scales: Short-Term and Long-Term Rating Relationships, which can be found on our website under Rating Scales.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.