Credit Rating Report

Sherritt International Corporation: Rating Report

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Summary

On January 31, 2023, DBRS Limited (DBRS Morningstar) upgraded the Recovery Rating of Sherritt International Corporation to RR5 from RR6, resulting in the rating on the Company’s Second Lien Notes being upgraded to B (low) from CCC (high), and confirmed Sherritt’s Issuer Rating at B. All trends are Stable.

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