DBRS Rates First Capital Realty’s $150 Million Series S Senior Unsecured Debentures at BBB (high), Stable

DBRS has today assigned a rating of BBB (high), with a Stable trend, to the $150 million 4.323% Series S senior unsecured debentures due July 31, 2025 (the Bonds), issued by First Capital Realty Inc. (First Capital).

The Bonds are direct senior unsecured obligations of First Capital and rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of First Capital. The proceeds will be used for repayment of secured and unsecured debt maturing throughout 2014 and 2015.

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

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating Entities in the Real Estate Industry, 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.