Aéroports de Montréal: Rating Report

DBRS Limited (DBRS) confirmed the Issuer Rating and Revenue Bonds rating of Aéroports de Montréal (ADM or the Authority) at A (high). The trends are Stable, supported by healthy operating results, well-diversified revenue sources and passenger mix, and the prudent management style of the Authority, but tempered by the substantial debt increases expected to be needed in the coming years to fund ADM’s capital program.