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Published on 9/7/2012 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

DBRS confirms Toronto Hydro

DBRS said it confirmed the rating of the senior unsecured debentures and medium-term notes and short-term issuer rating of Toronto Hydro Corp. at A (high) and R-1 (low), respectively.

The trends are both stable.

The rating confirmations reflect the continued stable earnings contribution from the issuer's regulated distribution business and its reasonable credit profile, the agency noted.


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