Cominar Real Estate Investment Trust: Rating Report

On September 9, 2022, DBRS Limited (DBRS Morningstar) removed Cominar Real Estate Investment Trust’s (Cominar or the Trust) Issuer Rating and Senior Unsecured Debentures rating from Under Review with Developing Implications and confirmed both ratings at BB (high) with Stable trends. The recovery rating on the Senior Unsecured Debentures was revised to RR3 from RR4. These rating actions conclude the Under Review with Developing Implications status placed on October 27, 2021, following the announcement that Cominar had entered into an arrangement agreement to be privatized by Iris Acquisition II LP backed by a consortium of investors (the Transaction).