CSS (FSCC) Partnership: Rating Report

DBRS Limited (DBRS) confirmed CSS (FSCC) Partnership’s (ProjectCo) Issuer Rating, initially assigned on November 15, 2018, as well as the rating on the $190.3 million Senior Secured Bonds at A (low) with Stable trends. ProjectCo is the special-purpose entity (SPE) created to design, build, finance and maintain a new approximately 665,000 square foot Forensics Services and Coroner’s Complex (the Project) under a 32.5-year public-private partnership with Ontario Infrastructure and Lands Corporation (OILC; formerly Infrastructure Ontario).