DBRS Morningstar Finalizes Provisional Rating of AA (low) on the University of Ottawa’s Series C Debentures

DBRS Limited (DBRS Morningstar) finalized its provisional rating of AA (low) with a Stable trend on the University of Ottawa’s (uOttawa or the University) Series C Senior Unsecured Debentures (Series C Debentures). This rating is based upon the rating on already-outstanding series of the above-mentioned securities. The $300 million 2.635% Series C Debentures, maturing February 13, 2060, rank equally with the University’s previously issued Series A and Series B Debentures. The proceeds of the issuance will be used to fund several capital projects at the University.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Rating Public Universities, which can be found on dbrs.com under Methodologies & Criteria.

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