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Published on 10/16/2023 in the Prospect News Agency DailyProspect News Canadian Bonds Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

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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