January 27, 2000
CHICAGO, IL -- Duff & Phelps Credit Rating Co. (DCR) has withdrawn the 'BB' (Double-B) rating of Intrawest
Corporation's senior unsecured notes. As of September 30, 1999, Intrawest had total funded debt of US$640 million.
Intrawest, a Vancouver-based holding company, has a leading position in the ski resort industry in terms of combined
size and geographic diversity of its resort properties across North America. The company also develops resort-related
real estate such as vacation homes, timeshare units and resort villages.
DCR is a leading global rating agency with 34 local market offices providing ratings and research on debt issues
and insurance claims paying ability in more than 50 countries. DCR`s research is available on Bloomberg at DCR
and First Call`s BondCall Direct/Research Direct at http://www.firstcall.com,
as well as through other third-party providers.
Contact: Marvin Behm, CFA, 312-368-3209, behm@dcrco.com, or Thomas P. Razukas,
CFA, 212-908-0223, or razukas@dcrco.com