DBRS Rates bcIMC Realty’s Series 9 and Series 10 Senior Medium-Term Notes at AA with a Stable trend

DBRS has today assigned a rating of AA, with a Stable trend, to the $250 million 2.65% Series 9 Medium-Term Notes due June 29, 2017, and the $250 million 3.51% Series 10 Medium-Term Notes due June 29, 2022 (collectively, 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 the Notes for normal course development and acquisitions.

Notes:
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.