Credit Rating Report
Morguard Corporation: Rating Report
Real EstateSummary
On April 26, 2022, DBRS Limited (DBRS Morningstar) downgraded the Issuer and Senior Unsecured Debentures ratings of Morguard Corporation (Morguard or the Company) to BB (high) and changed the trends to Stable. The recovery rating of the Senior Unsecured Debentures is RR4.
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Contacts
Christopher Tsichlas
Senior Vice President, Sector Lead - North American Corporate Real Estate Ratings
+(1) 416 597 7390
christopher.tsichlas@morningstar.com- Ernie Chu
Senior Vice President, Credit Ratings - North American Corporate Real Estate Ratings
+(1) 416 597 7428
ernie.chu@morningstar.com - Aniruddha Jadhav
Assistant Vice President - North American Corporate Real Estate Ratings
+(1) 416 597 7543
aniruddha.jadhav@morningstar.com