DBRS Releases Report on Finning

DBRS has today released a report on Finning International Inc. (Finning or the Company) that supports the recent confirmation of the Company’s Senior Debentures and Medium-Term Notes at A (low) and Commercial Paper at R-1 (low).

The confirmation followed the announcement that the Company plans to acquire the distribution business of Bucyrus International from Caterpillar Inc., and reflects Finning’s stronger business profile, although DBRS does recognize that the Company’s projected financial profile is weak for the A (low) rating. DBRS expects Finning to improve its financial ratios in the coming quarters toward an adjusted debt-to-EBITDA level of around 2.5 times and adjusted cash flow-to-debt of approximately 28% by the end of 2012. DBRS would consider taking negative rating action if the Company fails to show such improvement. In addition, DBRS expects the Company to further improve its financial ratios to levels compatible with the A (low) level by 2013.

Today’s report and the January 18, 2012, press release, are available at www.dbrs.com or by contacting us at info@dbrs.com.