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Transaction Update: Plenary Properties LTAP L.P. Mar 12

  • ID: 2084207
  • March 2012
  • Standard & Poors

Plenary Properties LTAP L.P. (Plenary or project co)was selected to design, build, finance, operate, maintain, and provide the IT infrastructure and services for the long-term accommodation project (LTAP) for Communications Security Establishment Canada (CSEC), the country's national cryptology agency. The 'A' rating broadly reflects Standard & Poor's Ratings Services' view of the following positive factors: A strong rationale for the project, as the LTAP facility is to accommodate CSEC; A very experienced project team, which consists of an experienced design-build contractor (DB) in PCL Constructors Canada Inc., highly capable equity sponsors in Plenary Canadian Holdings Inc., an experienced facilities management (FM) provider in Honeywell Ltd., and an experienced IT provider in Hewlett-Packard (Canada) Co. (HP); A project agreement that provides...

Companies mentioned in this report are: PLENARY Properties LTAP LP
Action: Review

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Research Type: Full Analysis

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