DBRS rates 407 bonds A

DBRS said it assigned an A rating to the C$350 million series 11-A1 senior bonds due 2041 issued by 407 International Inc.

The proceeds will be used to repay the company's C$300 million 4.65% senior bonds, series 09-A1, due Jan. 20, 2012, to fund the series reserve account in the debt service reserve fund with respect to the bonds and for general corporate purposes.

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