TORONTO (Standard&Poor's CreditWire) May 17, 2000--Standard&Poor's today assigned its single-'A'-minus bank loan rating to 407 International Inc.'s C$150 million junior secured bank facility. Standard&Poor's also assigned its triple-'B' subordinated debt rating to the company's C$300 million subordinated secured bonds. The single-'A' long-term issuer credit and senior secured debt ratings on 407 International were affirmed. The outlook is stable. The ratings on 407 International reflect the following strengths: -- The location of the highway asset in a key transportation corridor of the Greater Toronto Area, with demonstrated very strong demand characteristics, and excellent near-term and long-term traffic growth potential. The local economy's structure and growth prospects, combined with Highway 407's geographic situation, are strongly supportive
