Integrated Team Solutions SJHC Partnership was selected to design, build, finance, and maintain a mental health facility in London, Ont., and a forensics mental health facility in St. Thomas. The London facility achieved final completion Dec. 12, 2014. Both facilities are fully operational with Honeywell Ltd. providing the hard facilities management (FM) and lifecycle services in accordance with the project agreement. As a result of our assessment of the counterparty dependency assessment on Honeywell and the project's downside case expectations during operations, we are raising our issue-level rating on ProjectCo's senior secured debt to 'A' from 'A-'. The stable outlook reflects our expectation that the project will meet minimum senior debt service coverage ratio of 1.20x. On June 18, 2015,
