DBRS rates Cominar REIT notes BBB (low)

DBRS said it assigned a rating of BBB (low) to the C$225 million 4.247 % series 10 senior unsecured debentures due May 23, 2023 issued by Cominar Real Estate Investment Trust.

The trend is stable.

The bonds are direct senior unsecured obligations of Cominar and rank equally with one another and with all other unsecured and unsubordinated debt, the agency said.

The proceeds will be used to pay down debt outstanding under its unsecured revolving credit facility and facilitate availability under the unsecured revolving credit facility, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.