DBRS assigns AA (low) to AIMCo Realty notes

DBRS said it assigned a rating of AA (low) with a stable trend to AIMCo Realty Investors LP’s C$325 million 3.367% senior notes, series 3, due June 1, 2027.

The rating assigned is based on the rating on the already-outstanding series of senior unsecured debt.

“DBRS understands that the net proceeds from the offering will be used to repay amounts drawn on AIMCo Realty’s revolving credit facility and for other general corporate purposes,” the agency said in a news release.

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