DBRS rates Dream Industrial notes BBB

DBRS said it assigned a BBB credit rating to the re-opening of Dream Industrial Real Estate Investment Trust’s 5.383% series F senior unsecured debentures, due March 22, 2028, for C$200 million.

The rating is based on the rating of an outstanding series of senior unsecured debentures, DBRS said.

The issuer will use the proceeds to repay indebtedness and for general trust purposes.

The trend is stable.

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