407 International Inc.: Rating Report
DBRS Limited (DBRS Morningstar) confirmed 407 International Inc.’s (407) Issuer Rating at "A," the ratings on its Senior Bonds at “A,” Junior Bonds at A (low), and Subordinated Bonds at BBB. All trends remain Stable. The ratings continue to be supported by the long-term economic fundamentals of the catchment area and 407’s adequate liquidity position. The Stable trends reflect the satisfactory traffic volume recovery from the negative impact of the Coronavirus Disease (COVID-19) pandemic and improved financial metrics with reasonable buffer to withstand a conceivable economic downturn scenario.
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.
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