DBRS Morningstar Assigns Rating of AAA to PSP Capital Inc.'s 0.500% Senior Notes due 2024.

ENPNewswire-September 16, 2021--DBRS Morningstar Assigns Rating of AAA to PSP Capital Inc.'s 0.500% Senior Notes due 2024

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Release date- 15092021 - DBRS Limited (DBRS Morningstar) assigned a rating of AAA with a Stable trend to the 0.500% Senior Notes due 2024 (the Notes) issued by PSP Capital Inc. (PSP Capital).

The rating assigned is based upon the existing rating assigned to PSP Capital's Medium-Term Notes. The $1.25 billion Notes have a coupon rate of 0.500% and a maturity date of September 15, 2024. PSP Capital is a wholly owned subsidiary and the principal financing vehicle of the Public Sector Pension Investment Board (PSPIB). The Notes are unconditionally and irrevocably guaranteed by the PSPIB and rank pari passu with all other present and future unsecured and unsubordinated obligations of PSP Capital.

The rating includes additional analysis on the expected performance as a result of the global efforts to contain the spread of the Coronavirus Disease (COVID-19). The DBRS Morningstar sovereigns group initially published its outlook on the pandemic's impact on key economic indicators for the 2020-22 time frame on April 16, 2020. DBRS Morningstar last updated the macroeconomic scenarios on September 8, 2021, in its 'Baseline Macroeconomic Scenarios for Rated Sovereigns' For details, see https://www.dbrsmorningstar.com/research/384150.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk...

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