DBRS rates First Capital notes BBB (high)

DBRS said it assigned a rating of BBB (high) with a stable trend to the $125 million 3.9% series Q senior unsecured debentures due Oct. 30, 2023 issued by First Capital Realty Inc.

The bonds are direct, senior unsecured obligations of First Capital and rank equally and ratably with all other unsecured and unsubordinated indebtedness of First Capital.

The proceeds will be used to fund development and redevelopment activities, acquisitions and for general corporate purposes, DBRS said.

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