DBRS Confirms Superior Plus Ratings with Stable Trends
10:43 AM EDT, 10/26/2021 (MT Newswires) -- DBRS said Tuesday that it has confirmed the issuer rating of Superior Plus Corp. (SPB.TO) unit Superior Plus LP at BB (high) and the senior unsecured debentures rating at BB based on the unchanged recovery rating of RR5.
The trends on both ratings are stable.
The rating confirmations reflect the rating agency's expectation that Superior Plus' leverage will remain at a level commensurate with the current ratings over the near term, even as the company has accelerated its acquisition strategy.
In September, the company said that the US Federal Trade Commission made a second request for information regarding the company's planned acquisition of Kamps Propane and related businesses.