ATCO Ltd.: Rating Report

On September 1, 2021, DBRS Limited (DBRS Morningstar) confirmed ATCO Ltd.’s (ATCO, the Holdco, or the Company) Issuer Rating at A (low) and Fixed-to-Floating Rate Subordinated Notes (the Subordinated Notes) rating at BBB. Both trends are Stable. The rating of the Subordinated Notes is two notches lower than ATCO’s Issuer Rating.