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.