DBRS rates Hydro-Québec notes A (high)

DBRS said it assigned a rating of A (high) with a stable trend to Hydro-Québec's $1 billion of global series JO notes, which are expected to settle on June 30.

The notes will mature on June 30, 2016 and have a coupon of 2% per year, payable semi-annually.

The notes will rank equally with all other debt securities of Hydro-Québec. Proceeds from this issue will be added to the company's general funds and used for general corporate purposes.

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