S&P lifts Prologis to positive

Standard & Poor’s said it revised the outlook on Prologis Inc., Prologis LP, Prologis, and PLD International Finance Inc. to positive from stable.

The agency also said it affirmed the BBB+ corporate credit rating, as well as a BBB+ rating on the company’s senior unsecured debt and BBB- rating on its preferred stock.

The positive outlook reflects a view that the group’s business strengths may improve over the next two years if the company drives rent growth, S&P said.

The agency also said it believes the company’s financial policies will continue to support debt reduction.

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