Moodys has assigned a first-time Baa2 rating to two amortizing senior secured bonds totaling approximately CAD183 million (US$141.4 million) to be issued by Mosaic Transit Partners

Date April 20, 2018

Type Projects

Countries Canada

Subsectors Railway

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Moodys has assigned a first-time Baa2 rating to two amortizing senior secured bonds totaling approximately CAD183 million (US$141.4 million) to be issued by Mosaic Transit Partners. The consortium will use the proceeds to finance the project

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▶The signing of the advisory services contract has been delayed due to questions about the expedited bidding process and ties between the winning bidder and the head of MDOT
▶The signing of the advisory services contract has been delayed due to questions about the expedited bidding process and ties between the winning bidder and the head of MDOT
▶A loan agreement has been signed for the project

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▶Finch West Light Rail Transit PPP project in Toronto

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Moodys has assigned a first-time Baa2 rating to two amortizing senior secured bonds totaling approximately CAD183 million (US$141.4 million) to be issued by Mosaic Transit Partners

Similar updates

Related projects

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