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Published on 7/27/2011 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS confirms 407

DBRS said it confirmed the ratings of 407 International Inc., including its senior bonds at A.

The trend is stable.

Despite its heavy debt burden, the company continues to exhibit sound fundamentals, based on its operational efficiency, solid cash flow generation, sizable reserves and long-term traffic prospects, the agency said.


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