DBRS downgrades H&R REIT

DBRS said it downgraded H&R Real Estate Investment Trust’s issuer rating and senior unsecured debentures rating to BBB from BBB (high) and changed the trends to stable from negative.

The downgrades are largely due to sustained deterioration in H&R's Financial Risk Assessment relative to DBRS Morningstar's last rating action on Jan. 4, 2022, as well as downward pressure in the trust's Business Risk Assessment, DBRS said.

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