DBRS Rates bcIMC Realty’s Series 11 Medium-Term Notes at AA with a Stable Trend

DBRS has today assigned a rating of AA, with a Stable trend, to the $500 million 2.79% Series 11 Medium-Term Notes due August 2, 2018 (the Series 11 Notes), issued by bcIMC Realty Corporation (bcIMC Realty).

The Series 11 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 Series 11 Notes for normal course development and acquisitions.

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.