DBRS confirms Aeroplan

DBRS said it confirmed Groupe Aeroplan Inc.'s issuer and senior secured debt rating at BBB and its preferred shares rating at pfd-3.

The trend is stable.

Aeroplan continues to benefit from its strong positions in the Canadian and U.K. loyalty markets and from strong and stable free cash generating capacity that has historically been coupled with relatively low levels of debt, the agency said.

The decrease in balance sheet debt resulted in an improved debt-to-adjusted EBITDA ratio of 2.06 times in 2010 from about 2.77x in 2009, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.