DBRS assigns Stantec BBB

DBRS said it assigned Stantec, Inc. an issuer rating of BBB with a stable trend. DBRS also gave senior unsecured revolving credit facility and senior unsecured term loan ratings of BBB, again with stable trends.

Finally, DBRS assigned a provisional senior unsecured notes rating of BBB, also with a stable trend. As of Sept. 24, Stantec had no senior unsecured notes outstanding.

“The assigned ratings primarily reflect Stantec’s strong investment-grade business and financial risk profiles. Stantec, a globally ranked pure-play engineering design firm, operates in a well-diversified set of subsectors and has several robust, structurally sustainable business strength,” DBRS said in a press release.

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