We are raising our long-term corporate credit rating on Valcourt, Que.-based recreational products manufacturer Bombardier Recreational Products Inc. (BRP) to 'B+' from 'B'. We are also raising our issue-level rating on the company's senior secured revolving credit facility one notch to 'BB' from 'BB-'. The '1' recovery rating on the revolver is unchanged. BRP is pursuing an amend and extend (the amendment) to its credit agreement, including a proposed increase in the revolving credit facility to C$350 million from C$240 million, with the maturity date extended to March 2016 from March 2013. In addition, we are raising our issue-level rating on BRP's US$790 million senior secured term loan B one notch to 'B+' from 'B'. The '4' recovery rating on
