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Published on 10/3/2017 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P rates SL Green notes BBB-

S&P said it assigned a BBB- issue-level rating to SL Green Operating Partnership LP’s senior unsecured notes due 2022.

Proceeds will be used to repay outstanding debt, including the 3% convertible notes due October.

“We derive our ratings on SL Green from our assessment of the company's status as one of the largest office landlords in New York City,” the agency said in a news release.


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