Report
Kevin Li ...
  • Suneil Ramesh

407 International Inc.: Rating Report

DBRS Limited (DBRS Morningstar) confirmed 407 International Inc.’s (407 or the Company) Issuer Rating and Senior Bonds rating at “A,” Junior Bonds rating at A (low), and Subordinated Bonds rating at BBB. All trends are Stable. The ratings are supported by the solid long-term economic fundamentals of the catchment area and 407’s sound cash flow generation and good operating efficiency but are tempered by the Company’s sizable debt burden, leverage intentions, and constraints on future capacity expansions.
Underlying
407 International Inc.

Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Kevin Li

Suneil Ramesh

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