DBRS rates CREIT notes BBB

DBRS said it assigned a rating of BBB with a stable trend to the C$100 million 4.323% series B senior unsecured debentures due Jan. 15, 2021, issued by Canadian Real Estate Investment Trust.

The bonds are direct senior unsecured obligations of CREIT and rank equally with all other unsecured and unsubordinated indebtedness of CREIT.

The proceeds will be used from the offering for the repayment of indebtedness, DBRS said.

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