DBRS assigns Epcor notes A(low)

DBRS said it assigned ratings of A (low) with stable trends to Epcor Utilities Inc.’s 1.299% C$100 million of medium-term notes maturing on May 19, 2023, and 2.899% C$300 million of medium-term notes maturing on May 19, 2050.

The ratings are based upon the rating on already outstanding series of medium-term notes.

The company will use the proceeds for general corporate purposes, including to repay debt as well as to finance its capital expenditure program and working capital requirements.

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