Rating Report

Toromont Industries Ltd.: Rating Report

Industrials

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Summary

On June 29, 2021, DBRS Limited (DBRS Morningstar) changed the trends on Toromont Industries Ltd.’s (Toromont or the Company) Issuer Rating and Senior Unsecured Debentures rating to Positive from Stable and confirmed both ratings at BBB (high). The trend change reflects Toromont’s proven track record of delivering a strong operating performance since the acquisition of the Hewitt Group of companies in 2017 and its consistent conservative financial policy.

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