DBRS Rates Brookfield’s $125 Million Senior Notes at BBB (high)

DBRS has today assigned a rating of BBB (high), with a Stable trend, to the $125 million 4.00% senior unsecured notes due April 16, 2018 (the Notes), issued by Brookfield Office Properties Inc. (Brookfield).

The Notes are direct senior unsecured obligations of Brookfield and rank equally and rateably with all other unsecured and unsubordinated indebtedness of Brookfield. Brookfield intends to use the proceeds from the Notes to repay indebtedness and for 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.