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

Following the confirmation of the Province of New Brunswick, 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. New Brunswick (F-M) Project Company Inc. is a not-for-profit corporation in charge of the operation of a four-lane highway (the Highway) between Fredericton and Moncton under a public-private partnership structure. The Project Company has entered into a 30-year concession from New Brunswick Highway Corporation, a provincial Crown corporation, to design, build finance, operate, rehabilitate and maintain the Highway.

For further details, please see DBRS’s reference report on New Brunswick (F-M) Project Company Inc.

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 methodology is Rating Agents of the Crown, which can be found on our website under Methodologies.

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