LOS ANGELES--(BUSINESS WIRE)--Mar. 26, 2018--
CBRE Group, Inc. (NYSE:CBRE) today announced that S&P Global Ratings has
raised the company’s long-term issuer credit rating to BBB+, with a
S&P analysis cited CBRE’s market-leading position, low net leverage,
revenue diversification into more recurring fee-based services and
conservative financial policies.
“The S&P upgrade is an endorsement of our strong financial position and
business strategy. With low leverage, high liquidity and considerable
free cash flow, CBRE is well positioned to make further investments in
our people, platform and service offering, and to capitalize on market
opportunities,” said Jim Groch, CBRE’s Chief Financial Officer and
Global Director of Corporate Development.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company
headquartered in Los Angeles, is the world’s largest commercial real
estate services and investment firm (based on 2017 revenue). The company
has more than 80,000 employees (excluding affiliates), and serves real
estate investors and occupiers through approximately 450 offices
(excluding affiliates) worldwide. CBRE offers a broad range of
integrated services, including facilities, transaction and project
management; property management; investment management; appraisal and
valuation; property leasing; strategic consulting; property sales;
mortgage services and development services. Please visit our website at www.cbre.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180326005536/en/
Source: CBRE Group, Inc.
CBRE Group, Inc.