DBRS Morningstar Assigns Rating of BBB (high), Stable, to RioCan Real Estate Investment Trust’s $350 Million 2.361% Series AC Senior Unsecured Debentures

DBRS Limited (DBRS Morningstar) assigned the rating of BBB (high) with a Stable trend to RioCan Real Estate Investment Trust’s (RioCan or the Trust) $350 million 2.361% Series AC Senior Unsecured Debentures, Due March 10, 2027 (the Series AC Debentures). The assigned rating is based on the rating of the already-outstanding series of Senior Unsecured Debentures.

The Series AC Debentures are direct senior unsecured obligations of RioCan and rank equally and rateably with all other present and future unsecured indebtedness of the Trust. DBRS Morningstar understands that the net proceeds from the offering will be used to finance, in whole or in part, expenditures associated with eligible green projects as described in the RioCan Green Bond Framework.

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

The principal methodology is Rating Entities in the Real Estate Industry, which can be found on dbrs.com under Methodologies & Criteria.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at [email protected].

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