DBRS ups Place Laurier

DBRS said it upgraded the 10.55% secured debentures series A and the 7.37% secured debentures series D of Place Laurier to A (high) from A (low).

The trend is stable.

The upgrade reflects the strong operating fundamentals for the shopping center in addition to the low leverage and strong outlook for the asset, DBRS said.

Place Laurier has a prominent position within Quebec City and is well located near the downtown area with good access, the agency said.

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