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Published on 4/3/2023 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS assigns BBB to Primaris notes

DBRS said it assigned a BBB(high) rating to Primaris Real Estate Investment Trust’s C$250 million of 5.934% series C senior unsecured debentures due March 19, 2028.

The rating is based upon an already-outstanding series of senior unsecured debentures, the agency said.

The proceeds are expected to be used to repay debt and for general trust purposes.


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