DBRS Finalizes Provisional Rating on First National Financial Corporation’s Senior Unsecured Debt at BBB (low), Stable

DBRS Limited (DBRS) announced today that on April 8, 2015, it finalized the rating of BBB (low) with a Stable trend on First National Financial Corporation’s (FNF or the Company) $175 million of privately placed Senior Unsecured Debt which the Company issued April 9, 2015.

Following the review of documentation associated with the offering, DBRS confirmed that the terms of the issuance were consistent with those reviewed at the time the provisional rating was assigned on March 27, 2015. For further details on the provisional rating, please see the DBRS press release from that date entitled “DBRS Assigns Provisional Rating of BBB (low), Stable, to First National Financial’s New Senior Unsecured 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 methodology is Global Methodology for Rating Finance Companies (October 2014), which can be found on our website under Methodologies.

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.