The rating agency also gave a BBB rating to the deposits and senior debt of Home Trust Company's parent Home Capital Group Inc and an R-2 (middle) rating to its short-term instruments.
R-2 zoning allows up to twice the amount of housing per acre than R-1, making it easier for property owners and developers to convert single family homes to three-unit rentals or to divide a lot and build a fourplex on what was once a backyard.
29 November 2011 - DBRS on Monday upheld the unsecured long-term debt rating of BBB (high) and commercial paper rating of R-2 (high) of Canadian Natural Resources Limited (TSE:CNQ).
25 November 2011 - DBRS on Thursday maintained the US natural gas group Spectra Energy Capital's unsecured debentures rating of BBB (high) and commercial paper rating of R-2 (high).
The credit rating agency also cut the company's short-term instruments rating to R-2 ("mid") from R-2 ("high") and the long-term ratings of Regions Bank to BBB ("high") from A ("low").