DBRS confirms SNC-Lavalin

DBRS said it has confirmed the senior debentures rating of SNC-Lavalin Group Inc. at BBB (high) with a stable trend.

The rating action reflects DBRS' view that SNCs financial profile is still acceptable for the current rating despite the much weaker-than-expected operating results recently and that it has taken appropriate actions to address the weaknesses in its internal control over financial reporting and should be able to prevent the recurrence of these deficiencies and associated losses, the agency said.

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