Mr. Teri McKibbon reports
BIRD RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING
Bird Construction Inc. credit rater DBRS Ltd. (Morningstar DBRS) has assigned the company an investment-grade issuer rating of BBB (low) with a stable trend.
In assigning the rating, Morningstar DBRS highlighted Bird's solid Canadian market position and diversified sector expertise across industrial, buildings and infrastructure, supported by high self-perform capabilities, disciplined project selection and risk management, and conservative financial policies. Morningstar DBRS also noted Bird's strong financial risk profile.
"This inaugural investment-grade credit rating represents an important milestone for Bird and reflects the strength of our diversified operating model, disciplined financial management, and unwavering focus on risk management," said Teri McKibbon, president and chief executive officer of Bird Construction. "This recognition from Morningstar DBRS enhances our financial flexibility and supports our ability to continue executing our long-term strategy while delivering reliable value for our clients, partners and shareholders."
Bird expects that an investment-grade rating will enhance access to domestic and international capital markets and support competitive and flexible financing options, while reinforcing the company's commitment to maintaining a conservative balance sheet.
About
Bird
Construction
Inc.
Bird is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada's major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities and innovative solutions to the industrial, buildings and infrastructure markets.
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