DBRS Morningstar Assigns AAA Rating to OMERS Finance Trust’s USD 1.125% Senior Notes Due April 14, 2023

DBRS Limited (DBRS Morningstar) assigned a rating of AAA with a Stable trend to the USD 1 billion 1.125% Senior Notes due April 14, 2023 (the Senior Notes), issued by OMERS Finance Trust (OFT). The assigned rating is based upon the existing rating assigned to OFT’s Medium-Term Notes. The Senior Notes have a coupon rate of 1.125% and a maturity date of April 14, 2023. OFT is the principal financing vehicle of OMERS Administration Corporation (OMERS; rated AAA with a Stable trend by DBRS Morningstar). The Senior Notes are unconditionally and irrevocably guaranteed by OMERS and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of OMERS.

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:
All figures are in U.S. dollars unless otherwise noted.

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.

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