DBRS lowers Plenary Health

DBRS said it downgraded the ratings on the series A and series B long-term senior bonds issued by Plenary Health Care Partnerships Humber LP to A (low) from A and maintained the trends as negative.

The company is a special purpose vehicle created to design, build, finance and maintain a new 1.7 million square foot hospital facility in northwestern Toronto, DBRS said.

The downgrades stem from sustained operational challenges faced by the project, the agency said.

DBRS said it raised concerns about the deteriorating operating environment.

© 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.