TransLink successfully launched its sixth bond issue in November, bringing in $130 million for financing roads and capital projects.
As Canada’s only transportation agency to raise funds directly through Canadian debt capital markets, TransLink has raised more than $1 billion since 2010.
“The demand for our bonds reflects TransLink’s solid financial position, and it shows strong investor confidence in the organization,” said TransLink CEO Ian Jarvis. “This access to capital helps keep Metro Vancouver’s transit and road network moving and contributes to the maintenance of transportation assets so they serve the region for years to come.”
Before the bond issue, Moody’s Investors Service and Dominion Bond Rating Service (DBRS) reaffirmed TransLink’s Aa2 and AA stable credit ratings.
Both agencies highlight TransLink’s diverse revenue streams, sound governance structure, and track record of prudent fiscal management as reasons for the high credit rating.
Credit rating reports are available through DBRS.
