DBRS Releases Report on RONA
ConsumersDBRS has today released a report on RONA inc. (RONA or the Company) that provides further detail on the recent trend change to Negative from Stable on the Company’s BBB Senior Unsecured Debt rating and its Pfd-3 Preferred Shares rating. The rating action reflects DBRS’s concern that weak operating performance and a challenging consumer environment may lead RONA’s credit risk profile to deteriorate to a level that is no longer consistent with the current rating categories.
Today’s report and the May 11, 2011, press release are available at www.dbrs.com.