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DBRS rates Dream Industrial notes BBB
DBRS said it assigned a BBB rating to Dream Industrial Real Estate Investment Trust’s C$200 million of 3.968% series E senior unsecured debentures, due April 13, 2026.
The rating is based on an already-outstanding series of the senior unsecured debentures, DBRS said. The debentures are guaranteed, on an unsecured basis, by Dream Industrial LP, a subsidiary of the REIT, as well as those subsidiaries of the REIT that are guarantors under Dream Industrial’s unsecured credit facilities.
The trend is stable.
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