DBRS gives Omers notes AA

DBRS said it gave an AA(low) rating to Omers Realty Corp.’s C$400 million of series 14, 4.539% senior unsecured debentures due April 9, 2029.

The rating is based on an already-outstanding series of the above-mentioned debt instrument, the agency said.

Omers is expected to use the proceeds to repay debt.

The trend is negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.