DBRS Rates Aéroports de Montréal Revenue Bonds at A (high), Stable Trend

DBRS Limited (DBRS) has today finalized the provisional rating of A (high) with a Stable trend on the $200 million Series M Revenue Bonds issued by Aéroports de Montréal (ADM or the Authority). The Series M Revenue Bonds will be direct obligations of ADM, ranking pari passu with all other indebtedness secured pursuant to its master Trust Indenture. Bond proceeds will be used to fund ADM’s capital program and its general corporate activities. The Bonds will be non-amortizing, pay interest semi-annually, and will mature on June 12, 2045. DBRS confirmed the Issuer Rating and the ratings assigned to ADM’s pre-existing Revenue Bonds at A (high) with a Stable trend on June 9, 2015. The ratings are supported by healthy operating results, manageable debt levels, well-diversified revenue sources and prudent management of operating expenses.

Today’s report on Aéroports de Montréal provides further detail on the recent confirmation of the ratings. This report and the June 9, 2015, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.