DBRS rates Ontario Power notes A(low)

DBRS said it assigned ratings of A (low) with stable trends to Ontario Power Generation Inc.’s C$500 million 2.977% series 4 medium-term notes maturing 2029 and C$300 million 3.651% series 5 medium-term notes due 2050.

The ratings assigned are based on the rating of outstanding series of MTNs, DBRS said.

Proceeds will be used for repaying debt, financing acquisitions, capital spending, working capital and general corporate purposes.

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