DBRS Finalizes Provisional Rating of BBB (low) on MCAP Commercial LP Senior Secured Notes

DBRS has today finalized the provisional rating of BBB (low) on MCAP Commercial LP’s $150 million of Senior Secured Notes with a Stable trend.

Following the review of documentation associated with the recent offering, DBRS has confirmed that terms of the issuance are consistent with those reviewed at the time the provisional rating was assigned on March 4, 2014.

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

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 methodologies are Global Methodology for Rating Banks and Banking Organisations and Criteria: Support Assessment for Banks and Banking Organizations, which can be found on our website under Methodologies.

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