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Cargojet Announces Inaugural Issuer Credit Rating of BBB (low) With a Stable Trend by Morningstar DBRS
Cargojet Announces Inaugural Issuer Credit Rating of BBB (low) With a Stable Trend by Morningstar...
About this update from Cargojet Inc.
[{"type":"text","content":"\n\n\n\n Cargojet Announces Inaugural Issuer Credit Rating of BBB (low) With a Stable Trend by Morningstar DBRS\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n MISSISSAUGA, ON\n \n\n ,\n \n\n June 19, 2025\n \n\n /CNW/ - Cargojet Inc. (\"\n \n Cargojet\n \n \" or the \"\n \n Corporation\n \n \") (TSX: CJT) today announced that Morningstar DBRS has assigned the Corporation an investment-grade issuer credit rating of BBB (low), with a stable trend. In assigning the rating, Morningstar DBRS cited Cargojet's contracted recurring revenue profile, efficient operations, leading market position in the Canadian domestic overnight air cargo market, and commitment to maintaining leverage within its publicly stated target range.\n \n\n \"The assignment of an investment-grade credit validates the strength of our diversified portfolio of Domestic, Charters and ACMI offerings and disciplined approach to cost management,\" said\n \n Jamie Porteous\n \n , Co-Chief Executive Officer.\n \n\n \"This achievement reinforces our strategic objectives of strengthening our financial position while continuing to build a platform focused on long-term sustainable growth. It also provides us the flexibility to pursue opportunities to improve our cost of capital and strengthen our balance sheet depending on market conditions\" said\n \n Pauline Dhillon\n \n , Co-Chief Executive Officer.\n \n\n The Corporation also announced that it has posted an updated investor presentation to the Investor section of its website at:\n \n www.cargojet.com/investors\n \n .\n \n\n\n About Cargojet\n \n\n\n Cargojet is\n \n Canada's\n \n leading provider of time sensitive premium air cargo services to all major cities across\n \n North America\n \n , providing dedicated, ACMI and international charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 cargo aircraft.\n \n\n\n Notice on Forward-Looking Statements\n \n :\n \n\n Certain statements contained herein constitute \"forward-looking statements\" within the meaning...