DBRS Confirms New Brunswick (F-M) Project Company at A (high)

DBRS has today confirmed the ratings on the Highway Bonds and the Tranche A and Tranche B Senior Toll-Based Debt (collectively, the Senior Debt) of New Brunswick (F-M) Project Company Inc. (the Company) at A (high). All trends are Stable. The ratings are a flow-through of the long-term rating of the Province of New Brunswick, as the principal and interest payments on the Senior Debt are funded directly by the New Brunswick Highway Corporation, irrespective of traffic volumes or the Company’s operating performance.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating Public-Private Partnerships, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.