SNC-Lavalin Group Inc.: Rating Report

On April 22, 2021, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Debentures rating of SNC-Lavalin Group Inc. (SNC or the Company) at BB (high) with Stable trends. At the same time, DBRS Morningstar confirmed the Recovery Rating of the Senior Debentures at RR4. DBRS Morningstar removed these ratings from Under Review with Negative Implications, where they were placed on February 10, 2021, following provisions taken for legacy lump sum turnkey litigation matters and commercial claims as well as SNC’s announced sale of its Oil and Gas business which is set to close in Q2 2021.