S&P Upgrades Prologis to ‘BBB+’

S&P Upgrades Prologis to ‘BBB+’

In S&P’s report, the rating service stated: “Following early completion of the company's post-merger integration, portfolio repositioning, and de-leveraging plan in mid-2013, Prologis emerged with a tighter business strategy," focused on "select global and regional markets, a streamlined investment management business that has fewer and longer-duration funds, and lower financial risk.”

"This upgrade represents another important achievement in the current growth phase of our company," said Thomas S. Olinger, Prologis’ chief financial officer. "We are pleased that S&P recognizes the quality of our global portfolio, industry-leading governance, financial strength, and unique growth prospects."

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