DBRS Releases PPP Summary on Plenary Properties LTAP LP

DBRS has today published a PPP Summary on Plenary Properties LTAP LP (ProjectCo), the special-purpose entity contracted under a 33.5-year public-private partnership (PPP) agreement with the Government of Canada to design, build, finance and maintain the new office for the Communications Security Establishment Canada Long-Term Accommodation Project in Ottawa and provide IT infrastructure and services.

On February 2, 2011, DBRS finalized the provisional rating of “A” with a Stable trend for the $167.5 million Short-Term Senior Bonds and the $839.6 million Long-Term Senior Bonds issued by ProjectCo.

The PPP Summary and the related rating report and press release are available at www.dbrs.com or by contacting us at info@dbrs.com.

Note:
All figures are in Canadian dollars unless otherwise noted.