DBRS Morningstar Finalizes Provisional Rating on Stantec Inc.’s Senior Unsecured Notes

DBRS Limited (DBRS Morningstar) finalized its provisional rating of BBB with a Stable trend on Stantec Inc.’s (Stantec) Senior Unsecured Notes. Stantec announced the issuance of the Senior Unsecured Notes on October 1, 2020, which is on terms and conditions consistent with the documentation previously provided to DBRS Morningstar.

Please refer to the press release titled “DBRS Morningstar Assigns New Ratings to Stantec Inc.” dated September 24, 2020, for more details.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.

Notes:
The principal methodologies are Rating Companies in the Services Industry (February 5, 2020), DBRS Morningstar Criteria: Rating Corporate Holding Companies and Parent/Subsidiary Rating Relationships (November 25, 2019), and DBRS Morningstar Criteria: Guarantees and Other Forms of Support (January 22, 2020), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

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 [email protected].

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

Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].

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