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...
On November 28, 2022, DBRS Limited (DBRS Morningstar) changed the trend to Positive from Stable and confirmed the Issuer Rating on Strait Crossing Development Inc. at BB (high). DBRS Morningstar also confirmed the rating on the 6.17% Revenue Bonds at BBB (low) with a Stable trend, based on the unchanged recovery rating of RR1.
Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Issuer Rating of Strait Crossing Development Inc. at BB (high), Changes the Trend to Positive from Stable, Confirms Rating of 6.17% Revenue Bonds at BBB (low), Stable Trend
On November 29, 2021, DBRS Limited (DBRS Morningstar) downgraded Strait Crossing Development Inc.’s Issuer Rating to BB (high) from BBB (low) and confirmed the rating of the 6.17% Revenue Bonds rating at BBB (low). Both trends were changed to Stable from Negative.
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.
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...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.