S&P rates 407 International notes A

Standard & Poor's said it assigned its A rating to 407 International Inc.'s C$150 million medium-term notes maturing 2045.

At the same time, the agency affirmed its A and A- ratings on the company’s senior secured debt and its BBB rating on the subordinated debt.

The outlook is stable.

"The rating reflects stable and predictable operating costs based on the company's 15-year operational history, relatively simple operations and maintenance requirements, and strong competitive position, which have supported recent toll increases," S&P credit analyst Jatinder Mall said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.