DBRS lowers SNC-Lavalin view to stable

DBRS said it confirmed the rating of SNC-Lavalin Group Inc. at BBB (high).

The trend was changed to stable from positive.

The confirmation follows the company's release of financial statements for the year ended Dec. 31, 2011, DBRS said.

The confirmation primarily reflects DBRS's view that SNC-Lavalin should be able to maintain its currently strong financial risk profile and liquidity in light of the relatively moderate impact of the reported payments and related expenses, the agency said.

The recent developments should not materially affect SNC-Lavalin's business capability, DBRS said.

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