DBRS confirms SNC-Lavalin debentures; outlook positive

DBRS said it has confirmed the senior debentures rating of SNC-Lavalin Group Inc. at BBB (high) and changed the trend to positive from stable.

The rating action recognizes the improving business risk profile and ongoing solid financial profile, the agency noted.

The agency said that the rating will likely be upgraded a notch if SNC can weather the current challenging market conditions, especially the turmoil in North Africa, and maintain its solid financial profile.

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