GREY:AIIFF - Post by User
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flyfishing7777on May 11, 2013 1:29am
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keep the positive news coming
keep the positive news coming Armtec Infrastructure Inc. Reports Credit Rating Trend Improvement
Guelph, Ontario, May 10, 2013 - Armtec Infrastructure Inc. ("Armtec") (TSX:ARF; ARF.DB) today reported that DBRS has confirmed the Issuer Rating of Armtec Holdings Limited at B and the instrument rating of the Senior Unsecured Debt at B (low) and has changed the trend for both ratings to Stable from Negative.
The trend change to Stable reflects the completion of the refinancing of the Brookfield Facility in December 2012. Armtec has improved its financial flexibility and materially reduced the risks of a near-term default and liquidity concerns as identified in the previous ratings report. The recovery rating is unchanged at RR5. For further information, please see the DBRS website.