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DBRS rates Epcor notes A
DBRS said it assigned A (low) ratings to Epcor Utilities Inc.’s C$100 million of 0.982% medium-term notes due June 28, 2024, C$200 million of 2.411% medium-term notes maturing on June 30, 2031, and C$200 million of 3.287% medium term notes due June 28, 2051.
The ratings are based upon the ratings of already-outstanding medium-term notes, DBRS said.
Epcor will use the proceeds for general corporate purposes, including to repay debt, to finance its capital expenditure program and for working capital requirements.
The trend is stable.
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