S&P rates Brixmor BBB-

Standard & Poor’s said it assigned its BBB- corporate credit rating to Brixmor Property Group Inc. and its operating subsidiary Brixmor Operating Partnership LP.

The outlook is stable.

“We believe New York City-based Brixmor’s sizable, geographically diverse, and predominantly grocery-anchored community and neighborhood shopping centers in 38 states throughout the U.S. (with some concentration along the East Coast) support its business risk profile,” said S&P credit analyst Lisa Sarajian in a news release.

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