Credit Rating Report

Teranet Holdings LP: Rating Report

Infrastructure

Summary

On October 8, 2021, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the Senior Secured Debt of Teranet Holdings LP (Teranet or the Company) at BBB with Stable trends. The ratings continue to be supported by the Company’s position as an exclusive service provider in Ontario and Manitoba, healthy margins, and low capital needs, but are constrained by the leverage and coverage ratio.

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