DBRS Assigns BBB Provisional Rating to SNC-Lavalin Group Inc.’s New Debt Issuance

DBRS Limited (DBRS) assigned a provisional rating of BBB with a Stable trend to the Unsecured Debentures due November 2020 issued by SNC-Lavalin Group Inc. (the Company). The Debentures rank pari passu with existing senior unsecured obligations of the Company. Proceeds from the issuance will be used to repay outstanding indebtedness and for general corporate purposes.

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

The principal methodology is Rating Companies in the Construction and Property Development Industry (December 2016), which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.