Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Granite Real Estate Investment Trust > News item |
DBRS gives BBB Granite notes
DBRS said it gave a rating of BBB (high) with a stable trend to Granite REIT Holdings LP’s C$500 million of 2.194% series 6 senior unsecured debentures due Aug. 30, 2028.
The rating is based on the rating of the already-outstanding series of senior unsecured debentures, DBRS said.
Granite Real Estate Investment Trust and Granite REIT Inc. and by any Granite subsidiary that becomes a guarantor in the future under the credit agreement will guarantee the debentures.
The debentures are being sold as green bonds under the Granite Green bond framework. Granite plans to use the proceeds to finance or refinance, in whole or in part, expenditures associated with eligible green projects.
© 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.