DBRS Finalizes Provisional Rating of Aéroports de Montréal’s 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 $250 million Series N Revenue Bonds (the Bonds) issued by Aéroports de Montréal (ADM) and notes that ADM’s Issuer Rating and pre-existing Revenue Bonds rating are not changed as a result of the issuance of the Bonds. The 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 mature on April 24, 2047.

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

The principal methodology is Rating Canadian Airport Authorities, which can be found on dbrs.com under Methodologies.

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