DBRS Releases Report on Brock University

DBRS has today released a report on Brock University (Brock or the University) that provides further detail on the recent downgrade of the University’s rating to “A” from A (high).

The downgrade reflects the fact that Brock’s interest coverage remains weak and the anticipated rise in its debt burden points to the likely continuation of a tight credit profile no longer consistent with an A (high) rating.

Today’s report and the March 30, 2011, press release are available at www.dbrs.com.