S&P cuts Starhill Global

S&P said it downgraded the ratings on Starhill Global Real Estate Investment Trust and the company’s senior notes to BBB from BBB+.

“We lowered the rating on SGREIT as weaker operating performance and rent reversions will keep the company's cash flow adequacy ratios below our downgrade trigger over the next 24 months,” said S&P in a press release.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.