10:32 AM EDT, 06/06/2024 (MT Newswires) -- Morningstar DBRS on Wednesday confirmed the issuer rating and senior unsecured debentures rating of Crombie Real Estate Investment Trust (CRR-UN.TO) at "BBB (low)" and changed the trends to "Positive" from "Stable."

The "Positive" trends reflect the rating agency's expectations that Crombie's secured debt-to-total-debt ratio will improve to less than 40% by year-end 2024 from 49.4% in the same period a year prior.

The ratio was 43.5% as of the last 12 months ended March 31, DBRS noted.

Crombie at last look was up $0.02 at $12.83.

Price: 12.84, Change: +0.03, Percent Change: +0.23