DBRS Discontinues Ratings on First Nations Finance Authority

DBRS has today discontinued the provisional rating assigned on March 7, 2014, to the First Nations Finance Authority’s (FNFA or the Authority) proposed issuance of Senior Secured Bonds (Series 2014-1) at the Authority’s request. DBRS notes that the structure of the transaction did not evolve in line with its expectations. The Issuer Rating has simultaneously been discontinued.

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

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology for the First Nations Finance Authority is contained in the appendix to the General Corporate Methodology. It can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.