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Published on 1/6/2021 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS assigns CT REIT debentures BBB

DBRS said it assigned a BBB rating with a stable trend to CT Real Estate Investment Trust’s C$150 million of 2.371% series G senior unsecured debentures, due Jan. 6, 2031.

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

Proceeds and cash on hand will be used to redeem all of CT’s series C 2.159% senior unsecured debentures due June 1, 2021.


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