DBRS Releases Report on 131 Queen Street Limited

DBRS has today released a report on 131 Queen Street Limited (the Premises) that supports the recent confirmation of the 5.31% Mortgage Loan Due November 1, 2026 (the Mortgage Loan) at AAA with a Stable trend. The loan is from The Standard Life Assurance Company of Canada to Morguard Corporation in relation to the permanent financing following the construction of a building at 131 Queen Street, Ottawa (the Premises).

The rating confirmation considers that more than 85% of the building’s net rentable area is leased by the government of Canada, with a lease term nearly co-terminous with that of the 20-year Mortgage Loan. This ensures a certain amount of property income to cover ongoing loan obligations as required in the DBRS methodology “Canadian Structured Finance Flow-Through Ratings.”

Today’s report and the November 4, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.