DBRS Morningstar Discontinues Credit Ratings on Kiewit Meridiam Partners LLC

DBRS Limited (DBRS Morningstar) discontinued its credit ratings on Kiewit Meridiam Partners LLC and the following debt instruments issued by ProjectCo:
-- $120.8 million Private Activity Bonds (par and premium);
-- $465.0 million 2021 Transportation Infrastructure Finance and Innovation Act Loan; and
-- $51.7 million Senior Revenue Bonds Series 2021A

The credit ratings have been discontinued at the request of Kiewit Meridiam Partners LLC. The discontinuation is not the result of changes in the credit risk profile of the issuer.

ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS
There were no Environmental/Social/Governance factors that had a significant or relevant effect on the credit analysis.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/416784 (July 4, 2023).

Notes:
All figures are in U.S. dollars unless otherwise noted.

DBRS Morningstar applied the following principal methodology:
-- Global Methodology for Rating Public-Private Partnerships (October 11, 2023) https://www.dbrsmorningstar.com/research/421701

A description of how DBRS Morningstar analyzes corporate finance transactions and how the methodologies are collectively applied can be found at: https://www.dbrsmorningstar.com/research/397223.

The credit rating was initiated at the request of the rated entity.

The rated entity or its related entities did participate in the credit rating process for this credit rating action.

DBRS Morningstar had access to the accounts, management, and other relevant internal documents of the rated entity or its related entities in connection with this credit rating action.

This is a solicited credit rating.

Information regarding DBRS Morningstar credit ratings, including definitions, policies, and methodologies, is available on www.dbrsmorningstar.com or contact us at [email protected].

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada
Tel. +1 416 593-5577