| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Aeroports de Montreal > News item |
DBRS: A (high) to Aeroports de Montreal bonds
DBRS said it assigned a provisional rating of A (high) with a stable trend to the series N revenue bonds expected to be issued by Aeroports de Montreal in an amount of up to C$250 million.
The issuer rating and the rating assigned to Aeroports de Montreal’s pre-existing revenue bonds are not expected to be affected as a result of the issuance.
The new bonds will be direct obligations of the company, ranking pari passu with all other debt secured pursuant to its Master Trust Indenture.
Bond proceeds will be used to fund Aeroports de Montreal’s capital program and its general corporate activities.
The bonds will be non-amortizing, pay interest semi-annually and will mature in April 2047.
© 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.