DBRS Releases Report on Rideau Centre

DBRS has today released a report on Rideau Centre (Rideau or the Centre) that supports the recent upgrade of Rideau’s 6.75% First Mortgage Bonds, Series A, due March 2014 and 7.35% First Mortgage Bonds, Series B, due March 2014 (collectively, the First Mortgage Bonds)to A (high), with a Stable trend, from A (low).

The upgrade reflects the strong operating fundamentals for the Centre in addition to the low leverage and DBRS’s strong outlook for the asset through the remaining term of the First Mortgage Bonds.

Today’s report and the October 19, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.