DBRS Assigns Rating of A (low) with a Stable Trend to EPCOR Utilities Inc.’s 3.554% $400 Million Medium Term Notes

DBRS Limited (DBRS) assigned a rating of A (low) with a Stable trend to EPCOR Utilities Inc.’s (EPCOR or the Company; rated A (low) with a Stable trend by DBRS) 3.554% $400 Million Medium Term Notes (the Notes) maturing November 27, 2047. The Notes settled on November 27, 2017.

The Notes will be direct, unsecured and unsubordinated obligations of EPCOR, and will rank equally, except as to sinking funds and statutory preferred exceptions, with all other unsecured and unsubordinated indebtedness of the Company.

Net proceeds will be used to repay existing indebtedness and other corporate purposes.

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

The principal methodology is Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (September 2017), which can be found on dbrs.com under Methodologies.

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

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