DBRS Releases Report Teranet Holdings LP
InfrastructureDBRS has today released a report on Teranet Holdings LP (the Issuer) that supports the recent confirmation of its Senior Secured Debt rating at BBB (high) with a Stable trend; the Issuer is a financing vehicle unconditionally guaranteed by Teranet Inc. (Teranet or the Company). The rating remains supported by Teranet’s ownership of the Province of Ontario’s electronic land registry system (ELRS) and the electronic writs system (the Writs System) and the exclusive right to access the data in and operate these systems. Both the ELRS and the Writs System are necessary services that must be provided by the Province of Ontario, resulting in strong and relatively resilient cash flow generation.
Today’s report and the December 16, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.