DBRS Assigns AIMCo Realty Investors LP’s $400 Million Series 2 Senior Unsecured Notes a Rating of AA (low), Stable

DBRS Limited (DBRS) assigned a final rating of AA (low) with a Stable trend to AIMCo Realty Investors LP’s (AIMCo Realty) CAD 400 million 3.043% Senior Unsecured Notes, Series 2 due June 1, 2028 (the Series 2 Notes).

The Series 2 Notes are direct senior unsecured obligations of AIMCo Realty and rank pari passu with all other present and future unsecured, unsubordinated indebtedness of AIMCo Realty. The Series 2 Notes are not guaranteed or secured by AIMCo, Her Majesty the Queen in Right of Alberta, AIMCo’s clients or the limited partners of AIMCo Realty.

DBRS understands that the net proceeds from the offering will be used to repay a portion of the outstanding amounts under the Issuer’s Senior Credit Facility and for other general corporate purposes.

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

The principal methodologies are Rating Entities in the Real Estate Industry (April 2017) and DBRS Criteria: Guarantees and other Forms of Support (February 2017), which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

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