Credit ratings & outlooks

As at September 30, 2014

Senior unsecured debt

Rating Long-term outlook
DBRS A (low) Stable
S&P BBB+ Stable
Moody's Baa2 Stable

Commercial paper

Rating Short-term outlook
DBRS R-1 (low) Stable
S&P A-1 (Low) Stable
Moody's P2 Stable