Fitch Ratings affirmed the ‘BBB+’ rating on CAD 380.2 million of senior bonds issued by Groupe Nouveau Pont Ile-Aux-Tourtes Inc. On March 6, 2025, maintaining a stable outlook, according to a statement released by the firm.
The rating applies to the bonds issued by the entity responsible for the Île-Aux-Tourtes bridge in Quebec, Canada. Fitch initially assigned the ‘BBB+’ rating on March 27, 2024, and again on March 27, 2023, indicating a consistent assessment of the company’s creditworthiness over the past two years.
Fitch’s assessment of the security package provided by DBJV, the design-build joint venture, is considered adequate. The liquid security, representing 5% of the construction price, is held as a safeguard against potential construction-related risks, as noted in a Fitch report from March 27, 2023.
Groupe Nouveau Pont Ile-Aux-Tourtes Inc. Is featured on Fitch Ratings’ platform, providing access to credit ratings, research, and analysis for global capital markets.
