DBRS rates AltaGas notes BBB

DBRS Ltd. said it assigned a rating of BBB with a stable trend to the C$300 million 3.84% medium-term notes – series 15 – maturing on Jan. 15, 2025 issued by AltaGas Ltd. The settlement date for the notes is Nov. 10.

Net proceeds from the sale of the securities will be used to fund the previously announced early redemption of the C$100 million 6.94% MTNs due June 29, 2016, to fund the proposed early redemption of the C$200 million 4.1% MTNs due March 24, 2016 and for general corporate purposes.

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