Credit Rating Report

Public Sector Pension Investment Board & PSP Capital Inc.: Rating Report

Pension Funds

Summary

DBRS Limited (DBRS Morningstar) confirmed the Public Sector Pension Investment Board's (PSP Investments) Issuer Rating at AAA. DBRS Morningstar also confirmed PSP Capital Inc.’s Medium-Term Notes rating at AAA and both the Canadian Short-Term Promissory Notes and the U.S. Commercial Paper Notes ratings at R-1 (high), based on the unconditional and irrevocable guarantee provided by PSP Investments. The trends on all ratings remain Stable.

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