The rating being assigned is based upon the rating of an already-outstanding series of the Senior Unsecured Debentures.
The Series F Debentures will be direct senior unsecured obligations of
DBRS Morningstar understands the net proceeds from the offering will be used by the REIT to repay existing indebtedness and for general REIT purposes.
ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS
There were no Environmental/Social/Governance factors that had a significant or relevant effect on the credit analysis.
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/396929> (
Notes:
All figures are in Canadian dollars unless otherwise noted.
The principal methodologies applicable to the rating are Rating Entities in the Real Estate Industry (
The rating methodologies used in the analysis of this transaction can be found at: https://www.dbrsmorningstar.com/about/methodologies>.
A description of how DBRS Morningstar analyzes corporate finance transactions and how the methodologies are collectively applied can be found at: https://www.dbrsmorningstar.com/research/397223>.
The conditions that lead to the assignment of a Negative or Positive trend are generally resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.
Information regarding DBRS Morningstar ratings, including definitions, policies, and methodologies, is available on www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com' >info@dbrsmorningstar.com.
Tel. +1 416 593-5577
(C) 2023 Electronic News Publishing, source