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Prospect News home > News index > List of issuers B > Headlines for Brookfield Property Partners LP > News item |
S&P assigns BBB- to Brookfield Property notes
S&P said it assigned its BBB- issue-level rating to Brookfield Property Partners LP subsidiary Brookfield Property Finance ULC's proposed senior unsecured debt issuance.
The proposed unsecured notes are rated one notch below the corporate credit rating, reflecting the significant secured debt in the capital structure, exceeding 40% of secured debt to total assets.
“Our rating on BPY reflects our assessment of the company's significant scale and diverse real estate platform, which is in high-entry-barrier markets with stable economic fundamentals and growing populations,” S&P said in a news release.
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