DBRS Rates bcIMC Realty’s $500 Million Series 8 Medium-Term Notes at AA, Stable Trend

DBRS has today assigned a rating of AA, with a Stable trend, to the $500 million 2.966% Series 8 Medium-Term Notes due March 7, 2019 (the Notes), issued by bcIMC Realty Corporation (bcIMC Realty).

The Notes are direct senior unsecured obligations of bcIMC Realty and rank equally and rateably with the existing Medium-Term Notes of bcIMC Realty. bcIMC Realty intends to use the proceeds from this issue for debt repayment and general corporate purposes.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Real Estate Entities, which can be found on our website under Methodologies.