Credit Rating Report

Shawcor Ltd.: Rating Report

Industrials

Summary

DBRS Limited (DBRS Morningstar) finalized its provisional rating of B (high), Stable, with a recovery rating of RR5 on Shawcor Ltd.’s (Shawcor) Senior Unsecured Notes. Shawcor announced the issuance of the Senior Unsecured Notes on December 2, 2021, on terms and conditions consistent with the documentation previously provided to DBRS Morningstar.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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