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DBRS confirms FirstService preferreds
DBRS said it has confirmed the preferred share rating of FirstService Corp. at Pfd-3 (low), with a stable trend.
The agency said that the company performed well over the past year, with relatively stable credit metrics despite the recession impacting its major markets and materially weaker commercial real estate market conditions.
The company's strong market positions and diversified businesses also continue to support the rating, DBRS noted.
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