CBRE Group, Inc. Announces Moody’s Upgrade of Debt Ratings to Investment Grade
March 11 2015 - 9:00AM
Business Wire
CBRE Group, Inc. (NYSE:CBG) today announced that Moody's
Investors Service has raised the Company’s senior secured bank
credit facility and senior unsecured ratings to Investment Grade
(Baa3), with a stable outlook.
In making the upgrade, the Moody’s analysis cited CBRE’s
conservative capital structure, sound financial policy and
increased contractual and recurring revenue sources.
“The Moody’s upgrade is a strong endorsement of our strategy of
thoughtfully managing our balance sheet while investing in our
people, platform and service offering to create real advantage for
our clients and to enhance the competitive position of CBRE,” said
Jim Groch, CBRE’s chief financial officer and global director of
corporate development.
In December 2014, Standard & Poor’s Rating Services
(S&P) raised CBRE’s corporate rating to Investment Grade
(BBB-).
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (in terms of
2014 revenue). The Company has more than 52,000 employees
(excluding affiliates), and serves real estate owners, investors
and occupiers through more than 370 offices (excluding affiliates)
worldwide. CBRE offers strategic advice and execution for property
sales and leasing; corporate services; property, facilities and
project management; mortgage banking; appraisal and valuation;
development services; investment management; and research and
consulting. Please visit our website at www.cbre.com.
CBRE Group, Inc.Steve IacoSenior Managing DirectorInvestor
Relations & Corporate Communications212-984-6535
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