DBRS rates TransLink notes AA

DBRS said it assigned a rating of AA with a stable trend to the new C$100 million senior unsecured debt issue of South Coast British Columbia Transportation Authority (TransLink).

The rating is consistent with those previously assigned by DBRS on the authority's existing senior unsecured debt.

Net proceeds from the issue will primarily be used to refinance debt currently with the Municipal Finance Authority of British Columbia that will be maturing within the 2012 calendar year.

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