Cominar Real Estate Investment Trust: Rating Report
On September 9, 2022, DBRS Limited (DBRS Morningstar) removed Cominar Real Estate Investment Trust’s (Cominar or the Trust) Issuer Rating and Senior Unsecured Debentures rating from Under Review with Developing Implications and confirmed both ratings at BB (high) with Stable trends. The recovery rating on the Senior Unsecured Debentures was revised to RR3 from RR4. These rating actions conclude the Under Review with Developing Implications status placed on October 27, 2021, following the announcement that Cominar had entered into an arrangement agreement to be privatized by Iris Acquisition II LP backed by a consortium of investors (the Transaction).
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.