DBRS Rates Dundee REIT’s $150 Million Series C Senior Unsecured Debentures at BBB (low), Stable

DBRS has today assigned a rating of BBB (low), with a Stable trend, to the $150 million 4.074% Series C senior unsecured debentures due January 21, 2020 (the Bonds), issued by Dundee Real Estate Investment Trust (Dundee REIT).

The Bonds are direct senior unsecured obligations of Dundee REIT and rank pari passu with all other unsecured and unsubordinated indebtedness of Dundee REIT. The net proceeds of the Bonds will be used for the repayment of existing indebtedness and for general trust purposes.

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

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

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