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DBRS rates Epcor notes A (low)
DBRS said it assigned a rating of A (low) with a stable trend to Epcor Utilities Inc.’s 3.949% C$200 million medium-term notes due Nov. 26, 2048.
The notes will be direct, unsecured and unsubordinated obligations of Epcor and will rank equally with all other unsecured and unsubordinated indebtedness of the company, the agency said.
The proceeds will be used to repay existing indebtedness and other corporate purposes, DBRS said.
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