DBRS Rates Artis REIT’s $125 Million Series A Senior Unsecured Debentures at BBB (low)

DBRS has today assigned a rating of BBB (low), with a Stable trend, to the $125 million 3.753% Series A senior unsecured debentures due March 27, 2019 (the Bonds), issued by Artis Real Estate Investment Trust (Artis or the Company).

The Bonds are direct senior unsecured obligations of Artis and rank equally and rateably with all other unsecured and unsubordinated indebtedness of the Company. The net proceeds of the Bonds will be used for debt repayment and for general trust purposes.

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.

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