Dominion Lending Centres Clearlease Reports Reports Armtech’s (TSX:ARF) debt ratings downgraded, under review
VANCOUVER, BC (June 15, 2011) Dominion Lending Centres Clearlease Reports Armtec Infrastructure Inc. (TSX:ARF) said Wednesday June 15, 2011 its debt rating has been lowered a notch to B-plus by Standard & Poor’s and put under review by DBRS.
The downgrades follow the Ontario company’s decision to suspend its dividend following a weather-related decline in sales.
Based in Guelph, Ont. Armtec sells construction materials such as precast concrete and tubing.
Since the dividend announcement last week, Armtec’s shares have lost 62 per cent of their value.
The company said Wednesday that S&P’s previous rating was BB-minus, which is below “investment grade” or junk status because of the potential for default.
DBRS is also reviewing its ratings for Armtech Holdings Ltd. and the company’s senior notes.
In its June 9 announcement, Armtec said it would suspend the dividend of 40 cents per share in order to meet certain terms in its credit facilities and to meet earnings tests on senior notes.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 15, 2011) Dominion Lending Centres Clearlease Reports Armtec Infrastructure Inc. (TSX:ARF) said Wednesday June 15, 2011 its debt rating has been lowered a notch to B-plus by Standard & Poor’s and put under review by DBRS.
The downgrades follow the Ontario company’s decision to suspend its dividend following a weather-related decline in sales.
Based in Guelph, Ont. Armtec sells construction materials such as precast concrete and tubing.
Since the dividend announcement last week, Armtec’s shares have lost 62 per cent of their value.
The company said Wednesday that S&P’s previous rating was BB-minus, which is below “investment grade” or junk status because of the potential for default.
DBRS is also reviewing its ratings for Armtech Holdings Ltd. and the company’s senior notes.
In its June 9 announcement, Armtec said it would suspend the dividend of 40 cents per share in order to meet certain terms in its credit facilities and to meet earnings tests on senior notes.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Reports Armtech’s (TSX:ARF) debt ratings downgraded, under review
VANCOUVER, BC (June 15, 2011) Dominion Lending Centres Clearlease Reports Armtec Infrastructure Inc. (TSX:ARF) said Wednesday June 15, 2011 its debt rating has been lowered a notch to B-plus by Standard & Poor’s and put under review by DBRS.
The downgrades follow the Ontario company’s decision to suspend its dividend following a weather-related decline in sales.
Based in Guelph, Ont. Armtec sells construction materials such as precast concrete and tubing.
Since the dividend announcement last week, Armtec’s shares have lost 62 per cent of their value.
The company said Wednesday that S&P’s previous rating was BB-minus, which is below “investment grade” or junk status because of the potential for default.
DBRS is also reviewing its ratings for Armtech Holdings Ltd. and the company’s senior notes.
In its June 9 announcement, Armtec said it would suspend the dividend of 40 cents per share in order to meet certain terms in its credit facilities and to meet earnings tests on senior notes.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk