TSX:CHP.UNRetail REITs
Should Choice Properties’ $500 Million Debt Refinancing and Upgraded Ratings Prompt Action from (TSX:CHP.UN) Investors?
Choice Properties Real Estate Investment Trust recently completed a major private placement of $500 million in senior unsecured debentures to refinance existing debt and for general corporate purposes, with these debentures rated "BBB (high)" by Morningstar DBRS and "BBB+" by S&P Global Ratings.
This transaction strengthens the REIT’s financial position and highlights positive credit momentum, which is often seen as reassuring by market participants.
With successful debt refinancing and...