DBRS rates TransAlta MTNs BBB

DBRS said it assigned a rating of BBB with a stable trend to TransAlta Corp.'s issuance of $400 million of medium-term notes maturing Nov. 25, 2020. The notes settled on Nov. 25.

The net proceeds from the sale of the notes will be used by TransAlta for the repayment of debt, the financing of the company's long-term investment plan and growth projects or for other general corporate purposes.

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