Credit Rating Report

CanWel Building Materials Group Ltd.: Rating Report

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Summary

On September 17, 2018, DBRS Limited (DBRS) assigned an Issuer Rating of B (high) with Stable trend to CanWel Building Materials Group Ltd. (CanWel or the Company). Concurrently, DBRS assigned a provisional rating to the Company’s proposed Senior Unsecured Notes of B (high), with a recovery rating of RR4

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