DBRS confirms Ontario Infrastructure

DBRS said it confirmed the senior unsecured debt and commercial paper ratings of Ontario Infrastructure Projects Corp. at AA and R-1 (high), respectively.

The trend remains stable.

The company's credit profile remains strong, supported by its considerable reserve fund and the credit quality of its $3 billion loan portfolio, DBRS said.

While its credit strength is affected by the Province of Ontario, it is not capped at the province's AA (low) ratings as it operates at arm's length and maintains a substantial liquidity reserve to buttress its lending activities, the agency said.

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