{"id":15428,"date":"2011-06-21T20:59:51","date_gmt":"2011-06-22T00:59:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=15428"},"modified":"2011-06-21T20:59:51","modified_gmt":"2011-06-22T00:59:51","slug":"sp-bpo-outlook-revised-to-stable-from-negative","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=15428","title":{"rendered":"S&amp;P: BPO Outlook Revised to Stable from Negative"},"content":{"rendered":"<p>Standard &#038; Poor&#8217;s <a href=\"http:\/\/www.standardandpoors.com\/prot\/ratings\/articles\/en\/us\/?assetID=1245306781897\">has announced<\/a>:<\/p>\n<blockquote>\n<ul>\n<li>\u2022Brookfield Office Properties has a high-quality office portfolio located in generally comparatively healthier global office markets that benefits from long-term leases to good-quality tenants.\n<li>\u2022We have tolerance for the recent dip in Brookfield&#8217;s fixed-charge coverage because we believe a recent acquisition bolsters the company&#8217;s strong business profile and will generate very stable cash flow.\n<li>\u2022We revised our outlook on Brookfield and Brookfield Office Properties Canada to stable from negative because we expect Brookfield&#8217;s recent high leasing volume and further modest deleveraging will lead to a gradual improvement in currently weak debt coverage measures over the next few years.\n<li>\u2022We affirmed our &#8216;BBB&#8217; corporate credit ratings and our &#8216;BB+\/P-3 (High)&#8217; preferred stock ratings on the two companies.<\/ul>\n<\/blockquote>\n<p>There are quite a few listed issues: BPO.PR.F, BPO.PR.H, BPO.PR.I, BPO.PR.J, BPO.PR.K, BPO.PR.L, BPO.PR.N and BPO.PR.P. All are tracked by HIMIPref&trade;; all are relegated to the Scraps index on credit concerns.<\/p>\n<p>There was no mention of BPO Properties (BPP) its <a href=\"http:\/\/www.brookfieldofficeproperties.com\/annual_reports\/2010\/downloads\/Brookfield2010AR_complete_annual_report.pdf\">wholly owned subsidiary<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard &#038; Poor&#8217;s has announced: \u2022Brookfield Office Properties has a high-quality office portfolio located in generally comparatively healthier global office markets that benefits from long-term leases to good-quality tenants. \u2022We have tolerance for the recent &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-15428","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15428"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15428\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}