DBRS Assigns BBB Provisional Rating to SNC-Lavalin Group Inc.’s CAD 525 Million Unsecured Debentures

DBRS Limited (DBRS) assigned a provisional rating of BBB with a Stable trend to the CAD 150 million Floating Rate Series 2 Debentures due March 4, 2019; the CAD 175 million Floating Rate Series 3 Debentures due March 2, 2021; and the CAD 200 million Series 4 Debentures due March 2, 2023 (collectively, the Debentures), issued by SNC-Lavalin Group Inc. (the Company). The Debentures rank pari passu with existing senior unsecured obligations of the Company. Proceeds from the issuance will be used to repay outstanding indebtedness and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Rating Companies in the Construction and Property Development Industry (January 2018), which can be found on dbrs.com under Methodologies.

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

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