S&P gives Arctic Infrastructure bonds A-

Standard & Poor's said it assigned its A- issue-level rating to Arctic Infrastructure LP's C$141.98 million senior secured bonds due June 30, 2047.

The outlook is stable.

"In part, the rating reflects our view of a strong rationale for the project, strong government counterparty, and well-developed contractual structure," S&P credit analyst Mario Angastiniotis said in a news release.

Arctic Infrastructure was chosen to design, build, maintain and rehabilitate the Iqaluit International Airport Improvement Project located in Iqaluit, Nunavut.

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