DBRS Rates CREIT’s $100 Million Series B Senior Unsecured Debentures at BBB

DBRS has today assigned a rating of BBB with a Stable trend to the $100 million 4.323% Series B Senior Unsecured Debentures due January 15, 2021 (the Bonds), issued by Canadian Real Estate Investment Trust (CREIT).

The Bonds are direct senior unsecured obligations of CREIT and rank equally and rateably with all other unsecured and unsubordinated indebtedness of CREIT. DBRS understands that the net proceeds from the offering will be used by CREIT for the repayment of indebtedness.

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

The applicable methodology is Rating Entities in the Real Estate Industry (October 2013), which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.