DBRS rates Hydro-Quebec notes

DBRS said it assigned an A (high) rating with a stable trend to Hydro-Quebec's C$500 million of 5% series JN debentures due Feb. 15, 2050.

Proceeds will be used for capital expenditures, repayment of outstanding debt and for general corporate purposes.

This is an additional tranche of series JN debentures. The agency said tranches totaling C$4.5 billion were previously issued in 2009, 2010 and 2011.

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