Rating Report

Cominar Real Estate Investment Trust: Rating Report

Real Estate

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Summary

On December 29, 2020, DBRS Limited (DBRS Morningstar) changed the trends on Cominar Real Estate Investment Trust’s (Cominar or the Trust) Issuer Rating and Senior Unsecured Debentures rating to Negative from Stable and confirmed the ratings at BB (high). The recovery rating on the Senior Unsecured Debentures is RR4. The Negative trends reflect Cominar’s deteriorating financial risk profile relative to DBRS Morningstar’s expectations.

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