Fitch rates Hydro-Quebec debentures AA-

Fitch Ratings said it assigns an additional C$500 million to Hydro-Quebec's (HQ) existing debentures series JN at AA-.

The debentures are due Feb. 15, 2050.

This tranche of series JN debentures is in addition to C$6 billion presently outstanding and due in 2050, the agency stated.

The bond proceeds will be used to pay for a portion of HQ's capital investment program, refund a portion of outstanding debt and for general corporate purposes, the agency noted. The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.