DBRS Finalizes Provisional Rating of A (low), Stable Trend, on Saputo Inc.’s Medium-Term Notes

DBRS Limited (DBRS) has today finalized its provisional rating of A (low) on Saputo Inc.’s (Saputo) $300 million Series 1 Medium-Term Notes (the Notes) due November, 2019. The trend is Stable.

The Notes will be unsecured obligations ranking pari passu with Saputo’s existing and future senior indebtedness. Proceeds are expected to be used by Saputo to repay indebtedness outstanding under the Company’s bank facilities and for general corporate purposes.

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.

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

The applicable methodology is Rating Companies in the Consumer Products Industry (October 2014), which can be found on our website under Methodologies.