Report
Andrew Chiu

The Impact of the Coronavirus on Toll Roads: October 2021 Update

This commentary will provide an update on the impact of the Coronavirus Disease (COVID-19) outbreak on volume-based toll roads including the impact of volume losses and an update to the recovery outlook going forward. It will also examine traffic levels on toll bridges as they exhibit fundamental demand characteristics similar to those of toll roads. To provide insight, this update will also consider traffic recovery trends in China and Europe regions.
Underlyings
407 International Inc.

British Columbia Ferry Services Inc.

Strait Crossing Development 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
Andrew Chiu

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