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Prospect News home > News index > List of issuers M > Headlines for Muskrat Falls/Labrador Transmission Assets Funding Trust > News item |
DBRS rates Muskrat Falls bonds AAA
DBRS said it assigned a provisional rating of AAA with to a series of bonds of C$1 billion in total, the 2022 guaranteed senior bonds, to be issued by Muskrat Falls/Labrador Transmission Assets Funding Trust.
The maturities of the 2022 guaranteed senior bonds will be staggered with an expected final maturity date of June 1, 2057.
Canada’s federal government will guarantee the bonds under a new federal loan guarantee agreement.
The proceeds will be used to refinance the issuer’s bonds due in the next few years to lower the overall funding cost.
The trend is stable.
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