DBRS Discontinues Rating on Markville and Chinook Shopping Centres Secured Debentures

DBRS has today discontinued the rating on the 10.79% Secured Debentures, Series D (the Debentures) of Markville and Chinook Shopping Centres as the outstanding Debentures were repaid on April 15, 2012.

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

DBRS ratings for single-purpose real estate credits include consideration for the asset’s position within the market, the lease profiles, the valuation, the cash flow over the term of the issuance, the refinance position of the asset and the structure of the transaction, including the organization of the Issuer. For more information on the property underwriting, DSCR and LTV guidelines that DBRS uses, please see the CMBS Rating Methodology (January 2012).