DBRS Assigns Issuer Ratings to 28 Public-Private Partnership Transactions

DBRS Limited (DBRS) assigned Issuer Ratings to 28 public-private partnership (PPP) transactions following the implementation of its updated “Rating Public-Private Partnerships” methodology published on October 17, 2018. The Issuer Ratings are equal to the ratings on the most senior tranche of debt for each transaction.

Issuer Ratings have been assigned to the following entities:

-- 407 East Development Group at BBB (high), Stable
-- 407 International Inc. at “A,” Stable
-- Accès Recherche Montréal L.P. at “A,” Stable
-- Alberta Powerline Limited Partnership at A (low), Stable
-- Blackbird Infrastructure 407 General Partnership at A (low), Stable
-- Capital City Link General Partnership at A (low), Stable
-- CSS (FSCC) Partnership at A (low), Stable
-- Health Montréal Collective Limited Partnership/Collectif Santé Montréal S.E.C. at BBB
-- Hospital Infrastructure Partners (NOH) Partnership at BBB (high)
-- InPower BC General Partnership at BBB (high), Stable
-- Integrated Team Solutions SCOC Partnership at A (low), Stable
-- Integrated Team Solutions SJHC Partnership at A (low), Stable
-- I-77 Mobility Partners LLC at BBB, Stable
-- Kiewit Meridiam Partners LLC at A (low), Stable
-- Mountain View Partners GP at A (low), Stable
-- NorthwestConnect General Partnership at BBB (high), Stable
-- Plenary Health Bridgepoint LP at “A,” Stable
-- Plenary Health Care Partnerships Humber LP at A (low), Negative
-- Plenary Health Hamilton LP at “A,” Stable
-- Plenary Health Peel LP at A (low), Stable
-- Plenary Justice Okanagan LP at A (low), Stable
-- Plenary Properties LTAP LP at “A,” Stable
-- Rainbow Hospital Partnership at A (low), Negative
-- SNC-Lavalin Innisfree McGill Finance Inc. at BBB (high), Negative
-- Strait Crossing Development Inc. at BBB (low), Stable
-- Teranet Holdings LP at BBB, Stable
-- TransEd Partners General Partnership at A (low)
-- Women's College Partnership at “A,” Stable

DBRS did not assign Issuer Ratings to PPP transactions where there is no risk transfer to a special-purpose vehicle as the obligor or where the rating on the debt is primarily based on the strength of cash flows from government counterparties.

Notes:
The principal methodology is Rating Public-Private Partnerships, which can be found on dbrs.com under Methodologies.

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 under Related Documents or by contacting us at info@dbrs.com.

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

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