WSP Global Inc.: Rating Report

On April 11, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Notes ratings of WSP Global Inc. (WSP or the Company) at BBB (high) with Stable trends. These actions reflect the strong operating performance over the last 12 months that was modestly ahead of DBRS Morningstar's expectations. The ratings continue to reflect the Company's broad set of very strong structural business strengths, including its global reach, reputation for excellence, leadership position in earth and environmental service activities, and its long-term relationships with an impressively broad, deep, and high-quality set of clients. The ratings also incorporate the integration and financial risks associated with WSP's consequential acquisition strategy.