407 International Inc. Ratings Affirmed At 'A' On Strong Demand Profile And Concession Agreement Jun 11
- Language: English
- Published: June 2011
- Region: Global
The ratings on 407 International Inc. reflect Standard & Poor's Ratings Services' opinion of the following strengths: Highway 407 has a strong demand profile, by virtue of its role as an intraurban route within the growing and economically diversified Greater Toronto Area (GTA). It runs north of and parallel to the GTA's main beltway, Highway 401, the central parts of which are at full lane capacity and rank among the busiest stretches of road in North America. We think the GTA's sound economic prospects, growing population, and demonstrated resiliency to external shocks, together with sustained heavy congestion on Highway 401 and other alternates, contributes to the road's strong demand profile. So, too, does the Province of Ontario's (AA-/Stable/A-1+) plan to...
Companies mentioned in this report are: 407 International Inc.
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407 International Inc.