DBRS Rates First Capital Realty Inc.’s $125 Million Series Q Senior Unsecured Debentures at BBB (high), with a Stable Trend

DBRS has today assigned a rating of BBB (high), with a Stable trend, to the $125 million 3.90% Series Q Senior Unsecured Debentures due October 30, 2023 (the Bonds), issued by First Capital Realty Inc. (First Capital).

The Bonds are direct senior unsecured obligations of First Capital and rank equally and ratably with all other unsecured and unsubordinated indebtedness of First Capital. The proceeds will be used to fund development and redevelopment activities, acquisitions and for general corporate purposes.

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

The applicable methodology is Rating Real Estate Entities (April 2011), which can be found on our website under Methodologies.