DBRS confirms Ontario Infrastructure and Lands

DBRS said it confirmed the AA senior debt and R-1 (high) commercial paper ratings of Ontario Infrastructure and Lands Corp. with stable trends.

The company's credit profile remains strong, supported by its considerable reserve fund and the credit quality of its C$3.5 billion loan portfolio, the agency said.

DBRS noted that while the company's credit strength is affected by the Province of Ontario (AA (low)), it is not capped at the province's rating since the company operates at arm's length and maintains a substantial liquidity reserve to buttress its lending activities.

© 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.