Ivanhoé Cambridge II Inc.: Rating Report

On April 29, 2019, DBRS Limited (DBRS) confirmed its rating on Ivanhoé Cambridge II Inc.’s (IC II or the Company) Senior Unsecured Debentures at AA (low) with a Stable trend. The rating considers IC II’s stand-alone credit risk profile and DBRS’s view of implicit support by IC II’s ultimate parent, Caisse de dépôt et placement du Québec (CDPQ; rated AAA with a Stable trend by DBRS).