South Coast British Columbia Transportation Authority (TransLink): Rating Report

DBRS Limited (DBRS) confirmed the Issuer Rating and Senior Unsecured Debt rating of South Coast British Columbia Transportation Authority (TransLink or the Authority) at AA and its Commercial Paper rating at R-1 (middle). All trends are Stable. The ratings are supported by TransLink’s taxing authority in the Metro Vancouver Regional District (Metro Vancouver), sound financial management and strong regional economic growth dynamics that are driving increased ridership. TransLink’s operating performance remains positive and its robust long-term planning provides DBRS with confidence that the credit profile will remain sound amid a major expansion of transit service and infrastructure.