Credit rating agency upgrades BC Ferries from A (low) to "A"
VICTORIA,
"We're pleased that DBRS recognizes the sound financial position of our company with this strong investment-grade credit rating," said
In a news release, DBRS says, "The operating framework is mature and remains responsive, spending discipline continues to be displayed and the recent successful completion of BC Ferries' large vessel renewal plan should help coverage ratios stabilize at sound levels."
DBRS goes on to acknowledge BC Ferries' tight management of service offerings and expenses as an important factor contributing to this upgrade.
DBRS's news release can be viewed at www.dbrs.com.
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For further information: Media Contact: BC Ferries, Media Relations, Victoria: (250) 978-1267; Customer Contact: Victoria: (250) 386-3431, Toll-free: 1-888-BCFERRY (1-888-223-3779)
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