DBRS Assigns BB Rating to Armtec New Debt Issuance

DBRS has today assigned a BB rating with a Stable trend to the Senior Unsecured Notes (Notes) issued by Armtec Holdings Limited (Armtec or the Company). The $150 million 8.875% Notes mature in 2017, will be direct senior unsecured obligations of Armtec, and will rank pari passu with all of the Company’s other present and future senior unsecured indebtedness.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating the Industrial Products Industry, which can be found on our website under Methodologies.