DBRS Finalizes BBB Provisional Rating on Bruce Power L.P.’s Senior Unsecured Notes, Stable Trend

DBRS Limited (DBRS) has today finalized its provisional rating of BBB with a Stable trend on Bruce Power L.P.’s (BPLP or the Partnership) following debt issuances (the Senior Unsecured Notes):

(1) $600 million 2.844% Series 2016-1 Senior Unsecured Notes due June 23, 2021
(2) $400 million 3.969% Series 2016-2 Senior Unsecured Notes due June 23, 2026

The Senior Unsecured Notes will be direct, unsecured, unsubordinated and senior obligations of BPLP, and will rank equally in right of payment with all other current and future unsecured, unsubordinated and senior indebtedness of the Partnership, including the obligations under BPLP’s senior credit facilities.

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 applicable methodology is Rating Companies in the Independent Power Industry, which can be found on our website under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

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