KBRA Releases Surveillance Report for Atlas Corporation and Seaspan Corporation

On August 23, 2023, KBRA affirmed the BB+ issuer rating of Atlas Corp. (Atlas), a global asset management company based in Vancouver, BC with focuses on assets in the maritime sector, energy sector and other infrastructure verticals. KBRA also affirmed Atlas' wholly-owned subsidiary Seaspan Corporation’s (Seaspan) BB+ issuer rating, the BB+ rating on Seaspan’s $750 million senior unsecured notes due August 2029, as well as the BBB ratings of Seaspan’s $1.1 billion Term Loan due March 2028, $410 million Term Loan due March 2029, and $400 million Revolving Credit Facility due March 2028 comprising the secured Vessel Portfolio Financing Program. The ratings Outlook is Stable.

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