Ontario Teachers' Cadillac Fairview Properties Trust: Rating Report

On August 16, 2021, DBRS Limited (DBRS Morningstar) confirmed Ontario Teachers’ Cadillac Fairview Properties Trust’s (OT CFPT or the Trust) Senior Unsecured Debentures rating and Issuer Rating at AA with Stable trends. The ratings take into consideration OT CFPT’s stand-alone risk profile, the Trust’s low level of secured debt, and DBRS Morningstar’s view of the implicit support provided by the Ontario Teachers’ Pension Plan Board (OTPPB; rated AAA with a Stable trend by DBRS Morningstar).