DBRS rates Hydro-Quebec notes A (high)

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

This is an additional tranche of the notes (tranches totaling $4 billion were issued in 2009, 2010 and 2011).

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

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