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Prospect News home > News index > List of issuers A > Headlines for Allied Properties Real Estate Investment Trust > News item
Published on 5/20/2019 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS lifts trend on Allied Properties REIT notes to positive

DBRS said that it has changed the trend on Allied Properties Real Estate Investment Trust’s senior unsecured debentures to positive from stable and confirmed its rating at BBB (low).

The positive trend reflects Allied’s continued prudent funding of its development pipeline, most recently its $230 million equity raise in March 2019, and incremental improvement in portfolio diversification, DBRS said in a news release.


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