AIM : S&P Upgrades and Discontinues Ratings

S&P Global Ratings has announced:

it raised its global scale and Canada scale issue-level ratings on Aimia Inc.’s preferred shares to ‘B-‘ and ‘P-4(Low)’, respectively, from ‘D’, because the company announced on Feb. 25, that it would pay the accrued and current dividend payments on the preferred shares.

The company recently redeemed its senior secured notes and repaid its credit facility. Subsequently, we withdrew all our ratings on Aimia, including our ‘BB-‘ issuer credit rating on the company, at the issuer’s request.

Affected issues are AIM.PR.A, AIM.PR.B and AIM.PR.C.

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