Fitch Rates Canada's USD3.5B Global Bond due 2018

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has assigned a 'AAA' rating to Canada's USD3.5 billion bond issuance maturing on March 19, 2018. The bonds have a coupon rate of 1.125%.

KEY RATING DRIVERS

The rating is in line with Canada's long-term foreign currency Issuer Default Rating (IDR) of 'AAA' with a Stable Outlook.

RATING SENSITIVITIES

The rating would be sensitive to any changes in Canada's long-term foreign currency IDR. Fitch affirmed Canada's ratings at 'AAA' with a Stable Outlook on Aug. 19, 2014.

Additional information is available on www.fitchratings.com

Applicable criteria, 'Sovereign Rating Criteria' dated 12 August 2014 and 'Country Ceilings' dated 28 August 2014, are available at www.fitchratings.com.

Applicable Criteria and Related Research:

Sovereign Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=754428

Country Ceilings

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=752194

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=981523

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Fitch Ratings
Primary Analyst
Charles Seville
Senior Director
+1 212-908-0277
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Shelly Shetty
Senior Director
+1 212-908-0324
or
Committee Chairperson
Douglas Renwick
Senior Director
+1 44 203 530 1045
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
[email protected]

Source: Fitch Ratings

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