DBRS Rates Choice Properties LP’s Series 5 and 6 Issuance at BBB, Stable

DBRS has today assigned an Issuer Rating of BBB to Choice Properties Real Estate LP (CPLP). DBRS has also assigned a rating of BBB to the following senior unsecured debentures issued by CPLP (the Bonds). The trends are Stable. The Bonds include the following:

(1) $300 million, 3.00% Series 5 Senior Unsecured Debentures due April 20, 2016
(2) $200 million, 3.00% Series 6 Senior Unsecured Debentures due April 20, 2017

The Bonds are direct senior unsecured obligations of CPLP and rank equally and rateably with all other unsecured and unsubordinated indebtedness of CPLP.

Note:
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 (October 2013), which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.