DBRS assigns George Weston notes BBB

DBRS said it assigned a rating of BBB with a stable trend on George Weston Ltd.'s issue of C$350 million of series 2-A medium-term notes.

The notes are expected to pay a fixed rate of 3.78% per annum until maturity on Oct. 25, 2016.

The agency said that proceeds from the issue of the notes will be used to refinance existing indebtedness and for general corporate purposes.

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