LOS ANGELES--(BUSINESS WIRE)--Apr. 23, 2018--
CBRE Group, Inc. (NYSE:CBRE) today announced that Moody's Investors
Service has raised its senior unsecured rating to Baa2, with a positive
Last month, Standard & Poor’s Global Ratings raised CBRE’s corporate
rating to BBB+.
In making the upgrade, the Moody’s analysis cited CBRE’s strong market
position, improving credit profile and increased revenue from recurring
“We have pursued a strategy of conservatively managing our balance sheet
while investing proactively in our business to support the company’s
growth. The Moody's upgrade – coupled with a similar move by S&P last
month – provides strong evidence that our strategy is working,” said Jim
Groch, Chief Financial Officer and Global Director of Corporate
Development for CBRE.
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.
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Source: CBRE Group, Inc.
CBRE Group, Inc.