DBRS assigns A to 407 notes

DBRS said it assigned a rating of A to the C$350 million series 16-A2 senior notes of 407 International Inc.

The agency also confirmed the pre-existing senior bonds at A as well as the junior bonds at A (low) and subordinated bonds at BBB.

All trends are stable.

The notes have a maturity date of May 4, 2027, and rank pari passu with all other senior obligations of the company. As a result, the A rating and stable trend are consistent with the ratings and trend currently assigned to 407’s senior debts, DBRS said.

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