10:02 AM EDT, 05/02/2024 (MT Newswires) -- DBRS on Wednesday assigned "A" credit ratings with stable trends to Canadian National Railway's ( CNI ) $700 million, 4.600% notes due May 2029 and $550 million, 5.100% notes due May 2054.

The credit ratings assigned to the newly issued debt instrument are based on the credit rating of an already outstanding debt series, the rating agency said.

Canadian National Railway ( CNI ) plans to use the proceeds for general corporate purposes. The notes will rank equally with all of the company's existing and future senior unsecured debt.

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