Mr. Patrick Dovigi reports
GFL ENVIRONMENTAL INC. ANNOUNCES CREDIT RATING UPGRADE FROM S&P GLOBAL RATINGS
S&P Global Ratings has upgraded GFL Environmental Inc.'s issuer credit rating to BB minus from B plus, while maintaining a positive outlook.
"The rating upgrade from S&P is a testament to the strong execution of our strategy to increase free cash flow and de-lever the business," said Patrick Dovigi, chief executive officer and founder of GFL. "We remain committed to making disciplined capital allocation decisions while continuing to focus on de-levering the business, with the expectation that we will achieve an investment grade credit rating before the majority of our fixed rate debt matures."
About GFL Environmental Inc.
GFL, headquartered in Vaughan, Ont., is the fourth-largest diversified environmental services company in North America, providing a comprehensive line of solid waste management, liquid waste management and soil remediation services through its platform of facilities throughout Canada and in more than half of the U.S. states. Across its organization, GFL has a work force of more than 20,000 employees.
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