DBRS rates Granite REIT notes BBB

DBRS said it assigned a BBB rating to Granite REIT Holdings LP’s C$500 million of 3.062% series 4 senior unsecured debentures due 2027.

The rating is based on an outstanding series of senior unsecured debentures, DBRS said.

Proceeds will be used to finance or refinance, in whole or in part, expenditures associated with eligible green projects as described in the Granite green bond framework.

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