S&P affirms Teranet, debt

Standard & Poor's said it affirmed its ratings, including its BBB+ long-term issuer credit rating, on Teranet Inc.

At the same time, the agency said it affirmed its BBB+ issue level ratings on Teranet Holdings L.P.'s senior secured debt. The outlook is stable.

"The affirmation reflects our view of the company's status as an exclusive provider of essential services until 2067, its high operating margins, and its contractual framework with the Province of Ontario," said S&P credit analyst Stephen Ogilvie in a news release.

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