Credit Rating Report

Ontario School Boards Financing Corporation: Rating Report

Other Government Related Entities

Summary

DBRS Limited (DBRS) confirmed the ratings on the Series 2007-A1, 2006-A1, 2005-A1, 2004-A1, 2003-A2, 2002-A2, 2001-A3 and 2000-A1 Pooled Debentures Ownership Interests issued by Ontario School Boards Financing Corporation (OSBFC) at AA (low) with Stable trends.

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