Small font size A Larger text size A Largest text size A

Cargojet Gets BBB Rating From Morningstar DBRS

BY MT Newswires | CORPORATE | 06/20/25 07:11 AM EDT

07:11 AM EDT, 06/20/2025 (MT Newswires) -- Cargojet (CGJTF) overnight Thursday said Morningstar DBRS assigned the company an investment-grade credit rating of BBB with a stable trend.

Morningstar cited its 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.

"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 Cargojet Co-Chief Executive Jamie Porteous.

Shares of the company closed up 0.4% to $93.75 on Thursday on the Toronto Stock Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

China's central bank buys gold for 13th consecutive month BY Reuters |ECONOMIC 12/06/25 10:56 PM EST
China, Macao upgrade currency swap to long-term standing swap deal BY Reuters |ECONOMIC 12/06/25 01:30 AM EST
Fed Policy Easing Expectations Help Push Gains in US Equity Indexes This Week BY MT Newswires |ECONOMIC 12/05/25 04:49 PM EST
Nasdaq Extends Advance, Wall Street Logs Weekly Gain Amid Rate Cut Optimism BY MT Newswires |ECONOMIC 12/05/25 04:47 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article