- Language: English
- Published: November 2012
SNC-Lavalin Innisfree McGill Finance Inc. Aug 11
- ID: 1857005
- August 2011
- Standard & Poors
C$764.1 million senior secured notes due June 30, 2044: A-/Stable C$392.5 million in senior secured construction bank facility due Sept. 30, 2014: A-/Stable Groupe immobilier sant- McGill S.E.N.C. (McGill Health or Project Co) was selected to design, build, finance, maintain, and rehabilitate the McGill University Health Centre (MUHC) for a concession of approximately 34.3 years. SNC-Lavalin Innisfree McGill Finance Inc. has on-lent the proceeds of senior secured notes and construction bank facility to McGill Health. The issue-level rating on SNC-Lavalin Innisfree McGill Finance's C$764.1 million senior secured bond due June 30, 2044, and C$392.5 million in senior secured construction bank facility due Sept. 30, 2014, broadly reflects Standard & Poor's Ratings Services' opinion of the following factors: A strong rationale...
Companies mentioned in this report are: SNC-Lavalin Innisfree McGill Finance Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
SNC-Lavalin Innisfree McGill Finance Inc.