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DBRS gives Choice Properties notes BBB
DBRS said it assigned a BBB(high) rating to Choice Properties Real Estate Investment Trust’s C$350 million of 5.699% series T senior unsecured debentures, due Feb. 28, 2034.
The rating is based on an already-outstanding series of senior unsecured debentures.
Choice Properties intends to use the proceeds to repay all, or a portion of the balance drawn on the trust’s credit facility and for general business purposes.
The trend is stable.
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