DBRS Confirms Waterloo North Hydro Inc. at A (low), Stable

DBRS Limited (DBRS) has today confirmed the Issuer Rating of Waterloo North Hydro Inc. (the Company) at A (low) with a Stable trend. The rating reflects the stability of the Company’s electricity distribution business operating under a reasonable regulatory framework in a growing franchise area, as well as the Company’s strong financial risk profile. The Company’s rating is one notch lower than its DBRS-rated peers in the Ontario electricity distribution sector, largely reflecting the Company’s above-average refinancing risk.

Notes:
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 Regulated Electric, Natural Gas and Water Utilities Industry, which can be found on our website under Methodologies.

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