reports
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
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 imp...
- Andrew Lin
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- 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.
- Helena Hao
- Kevin Li
- Suneil Ramesh
- Helena Hao
- 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 remain Negative. The ratings continue to be supported by the long-term economic fundamentals of the catchment area and 407’s adequate liquidity position. The Negative trends mainly reflect the uncertainties related to 407's financial recovery, which depends on how successfully the Pro...
- Helena Hao
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Suneil Ramesh
- 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 c...
- Kevin Li
407 International Inc. - test summary
407 owns 407 ETR Concession Company Limited, which is responsible for the operations, management and expansion of Highway 407 ETR (the Highway) under a 99-year concession expiring in 2098 and a ground lease agreement with the government of Ontario. Highway 407 ETR is a 108 km electronic toll route that traverses the Greater Toronto Area (GTA), the largest metropolitan area in Canada, with a population of about 6.5 million in 2018. 407 owns 407 ETR Concession Company Limited, which is responsibl...
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