DBRS: RioCan notes BBB (high)

DBRS said it assigned a rating of BBB (high) with a stable trend to the C$150 million 3.85% series Q senior unsecured debentures due June 28, 2019 issued by RioCan Real Estate Investment Trust.

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

The proceeds from this issue for debt repayment, property acquisitions, development and general trust purposes, DBRS said.

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