DBRS Morningstar Assigns Provisional Rating of AAA to Ontario Teachers’ Finance Trust’s USD Issuance

DBRS Limited (DBRS Morningstar) assigned a provisional rating of AAA with a Stable trend to the proposed USD Senior Notes (the Notes) to be issued by Ontario Teachers’ Finance Trust (OTFT). OTFT is a wholly owned financing subsidiary of Ontario Teachers’ Pension Plan Board (OTPP). The Notes are unconditionally and irrevocably guaranteed by OTPP and rank pari passu with all other present and future unsecured and unsubordinated obligations of OTFT.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.

Notes:
The principal methodology is Rating Canadian Public Pension Funds & Related Exclusive Asset Managers, which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada
Tel. +1 416 593-5577