DBRS Assigns Rating of A (high) with a Stable Trend to Hydro One Inc.’s $1.4 Billion Medium Term Notes Issue

DBRS Limited (DBRS) assigned a rating of A (high) with a Stable trend to Hydro One Inc.’s (HOI or the Company) $1.4 billion Medium Term Notes offering (the Notes) composed of $300 Million 2.57% (Series 39) due 2021, $350 Million 2.97% (Series 40) due 2025 and $750 Million 3.63% (Series 41) due 2049.

DBRS notes that the proceeds from the Notes issue will be used to repay short-term debt and for general corporate purposes.

The Notes will be direct unsecured obligations of HOI and rank pari passu with all other unsecured and unsubordinated indebtedness of the Company.

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.

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