DBRS assigns A(low) to Epcor MTNs

DBRS said it assigned an A(low) rating to Epcor Utilities Inc.’s C$250 million of 5.326% medium-term notes reopening which mature on Oct.3, 2053.

The rating is based upon the credit rating of an already outstanding series of MTNs, the agency said.

Epcor will use the proceeds for general corporate purposes, including repayment of indebtedness and financing its capital expenditure program and working capital requirements.

The trend is stable.

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