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S&P raises, pulls Duke Realty
S&P said it upgraded its ratings for Duke Realty Corp. and its senior unsecured debt to A from BBB+, removed its ratings from CreditWatch where they were placed with positive implications on June 13, and then withdrew them.
Prologis Inc. recently acquired Duke. The upgrade reflects the view that the transaction will improve Duke's credit profile because a higher-rated company acquired it, the agency said. Prologis assumed Duke’s debt.
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