DBRS rates Brookfield notes BBB

DBRS said it gave a BBB (low) rating to Brookfield Property Finance ULC’s C$500 million of 4% series 6 senior unsecured notes, due Sept. 30, 2026. The notes are guaranteed by Brookfield Property Partners LP, rated BBB (low), and other Brookfield entities.

The rating is based upon the rating on the already-outstanding series of senior unsecured notes, DBRS said.

Brookfield plans to use the proceeds for financing and refinancing of recently completed and future eligible green projects, including the development and redevelopment of such projects.

The trend is stable.

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