DBRS confirms 407 International

DBRS said it confirmed 407 International Inc.’s senior bonds rating at A, junior bonds rating at A (low) and subordinated bonds rating at BBB.

The trend is stable.

The agency said the ratings are supported by the solid long-term economic fundamentals of the catchment area and 407’s sound cash flow generation and good operating efficiency.

The ratings are tempered by the company’s sizable debt burden and leverage intentions, DBRS added.

© 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.