Integrated Team Solutions SCOC Partnership: Rating Report

On December 19, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Long Term Bonds credit rating of Integrated Team Solutions SCOC Partnership (ProjectCo) at A (low) with Stable trends. ProjectCo is a special-purpose vehicle created to design, build, finance, and maintain the Phase One Civic Operations Centre, mainly consisting of a Transit Operations Facility and a Snow Management Facility, under a 27-year project agreement with the City of Saskatoon.