DBRS 10:44 AM EDT, 03/30/2022 (MT Newswires) -- DBRS on Wednesday confirmed Granite REIT Holdings Limited Partnership's issuer rating and senior unsecured debentures rating at BBB (high), both with stable trends.
The rating agency based the ratings on the credit risk profile of the combined entity, including Granite REIT Holdings Limited Partnership and its subsidiaries, as well as Granite Real Estate Investment Trust (GRT-UN.TO) and Granite REIT Inc.
The confirmations and stable trends consider Granite's further progress in executing its long-term strategy of growing and diversifying its asset base, DBRS said.
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