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 announc...
Please refer to PDF document for more detail about our research: DBRS Morningstar Removes Cominar Real Estate Investment Trust’s Ratings from Under Review with Developing Implications and Confirms Ratings at BB (high) With Stable Trends
DBRS Morningstar published the commentary titled, “A Decade of Reaching for the Top Floor: Assessing the Advancement of Women in Canadian Real Estate.” The commentary focuses on women’s representation at the board and executive levels of Canadian real estate entities. Some of the highlights include: -- As of 2021, women’s representation on corporate boards increased to 33% from a simple average of 6% in 2010. -- Over the same time period, the percentage of board committee positions held by wo...
On December 29, 2020, DBRS Limited (DBRS Morningstar) changed the trends on Cominar Real Estate Investment Trust’s (Cominar or the Trust) Issuer Rating and Senior Unsecured Debentures rating to Negative from Stable and confirmed the ratings at BB (high). The recovery rating on the Senior Unsecured Debentures is RR4. The Negative trends reflect Cominar’s deteriorating financial risk profile relative to DBRS Morningstar’s expectations.
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