Stantec, Inc.: Rating Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  24-Sep-20	Issuer Rating	BBB	Stb	New Rating	CA
  24-Sep-20	Senior Unsecured Notes	BBB	Stb	Provis.-New	CA
  24-Sep-20	Senior Unsecured Revolving Credit Facility	BBB	Stb	New Rating	CA
  24-Sep-20	Senior Unsecured Term Loans	BBB	Stb	New Rating	CA

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