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DBRS rates CT Real Estate notes BBB
DBRS said it rated CT Real Estate Investment Trust’s C$250 million of 5.828% series I senior unsecured debentures due June 14, 2028, BBB.
The rating is based on an outstanding series of unsecured debentures, DBRS said.
CT REIT will use the proceeds to repay indebtedness, and the rest will be used for general business purposes.
The trend is stable.
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