DBRS: Hydro One notes A (high)

DBRS said it assigned a rating of A (high) with a stable trend to Hydro One Inc.'s proposed issuance of C$100 million of 4% medium-term notes due Dec. 22, 2051.

The notes are expected to settle Dec. 22, 2011.

The notes will rank pari passu with all of Hydro One's existing and future unsecured and unsubordinated indebtedness.

The proceeds will be used for general corporate purposes.

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