DBRS rates H&R REIT debentures BBB

DBRS said it has assigned a rating of BBB, with a stable trend, to the C$175 million of 3.344% series G senior unsecured debentures due June 20, 2018 issued by H&R Real Estate Investment Trust.

Net proceeds from the offering will be used by H&R REIT to fund future property acquisitions and development, to repay outstanding indebtedness and for general trust purposes, the agency added.

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