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DBRS rates Granite notes BBB(high)
DBRS said it assigned a BBB (high) rating to Granite REIT Holdings LP’s C$400 million of 6.074% series 7 senior unsecured debentures due April 12, 2029.
The rating is based on an already-outstanding series of senior unsecured debentures, the agency said.
Granite plans to use the proceeds for eligible green projects.
The trend is stable.
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