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Published on 2/8/2016 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

DBRS confirms GFL Environmental ratings

DBRS Ltd. said it confirmed the issuer rating of GFL Environmental Inc. at B with a stable trend.

The confirmation reflects the recent C$800 million acquisition of TransForce Inc.’s Matrec solid waste division through a combination of equity and debt issuance, DBRS said in a news release.

“The company’s business risk profile and financial risk profile remain compatible with the current issuer rating. Additionally, DBRS has confirmed the recovery rating at RR4 and the resultant rating of the senior unsecured notes at B, also with a stable trend,” the agency said.


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