DBRS Rates Cominar REIT’s $200 Million Series 8 Senior Unsecured Debentures at BBB (low)

DBRS Limited (DBRS) has today assigned a rating of BBB (low) with a Stable trend to the $200 million 4.25% Series 8 Senior Unsecured Debentures due December 8, 2021 (the Bonds) issued by Cominar Real Estate Investment Trust (Cominar).

The Bonds are direct senior unsecured obligations of Cominar and rank equally and rateably with all other unsecured and unsubordinated indebtedness of Cominar. DBRS understands that the net proceeds from the offering will be used by Cominar to pay down debt outstanding under the Unsecured Bridge Credit Facility.

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.