Standard & Poor’s has announced:
- •Brookfield Office Properties Inc. (BPO) and Brookfield Canada Office Properties (BPOC) are 100% and 83% owned subsidiaries of Brookfield Property Partners (BPY) respectively.
- •On Feb. 3, 2015, Standard & Poor’s assigned its ‘BBB’ corporate credit rating to Brookfield Property Partners.
- •We are raising our corporate credit ratings on BPO and BPOC to ‘BBB’ from ‘BBB-‘ based on our assessment of its “core” status within BPY.
- •The stable outlook reflects our expectation that BPO and BPOC will remain core subsidiaries within BPY’s sizeable office portfolio.
…
We could lower the ratings if we lowered the ratings on BPY or if the status within the group changed.
Similarly, in the event of an upgrade of BPY, we would raise the ratings on these core subsidiaries.
Affected issues are BPO.PR.A, BPO.PR.H, BPO.PR.J, BPO.PR.K, BPO.PR.N, BPO.PR.P, BPO.PR.R, BPO.PR.T, BPO.PR.W, BPO.PR.X and BPO.PR.Y.
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BPO: S&P Upgrades to P-3(high)
Standard & Poor’s has announced:
Affected issues are BPO.PR.A, BPO.PR.H, BPO.PR.J, BPO.PR.K, BPO.PR.N, BPO.PR.P, BPO.PR.R, BPO.PR.T, BPO.PR.W, BPO.PR.X and BPO.PR.Y.
This entry was posted on Friday, February 5th, 2016 at 2:03 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.