Women's College Partnership: Rating Report

DBRS Limited (DBRS) confirmed Women’s College Partnership’s (ProjectCo) Issuer Rating, initially assigned on November 15, 2018, as well as the rating on the $207.3 million Senior Secured Bonds (the Bonds) at “A” with Stable trends. ProjectCo is the special-purpose entity (SPE) created for the design, construction, financing, maintenance and rehabilitation of Women’s College Hospital (the Project) in Toronto under a Project Agreement (PA) with Women’s College Hospital (WCH or the Hospital) for a term of 30 years from scheduled interim completion.