DBRS rates Finning notes A

DBRS said it assigned a rating of A (low) with a stable trend to Finning International Inc.'s issuance of C$150 million medium-term notes due June 13, 2042.

DBRS said the company intends to use the funds from the issuance to repay outstanding indebtedness, including under existing credit facilities or its commercial paper program.

Finning originally incurred the debt to fund working capital needs and for other general corporate purposes, the agency said.

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