DBRS Finalizes Cara Operations Issuer Rating at B, Stable Trend

DBRS finalized its Issuer Rating of B for Cara Operations Limited (Cara or the Company), after the successful completion of the Company’s refinancing plan late last year, and also finalized its B rating on Cara’s $200 million issue of Senior Secured Second-Lien Notes, based on a RR4 recovery rating.

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

The applicable methodology is Rating Food Retailers, which can be found on our website under Methodologies.