-- CBRE is the world's largest commercial real estate (CRE) services company. -- We are affirming our ratings on CBRE and rating its $400 million senior subordinated notes due 2017 'B+' with a '6' recovery rating. -- If profitability erodes, debt increases, or interest coverage deteriorates, we could lower the ratings. NEW YORK (Standard&Poor's) June 10, 2009--Standard&Poor's Ratings Services said today that it affirmed its ratings, including the 'BB/B' counterparty credit rating, on U.S.-based real estate services company CB Richard Ellis Services Inc. (CBRE) and assigned a 'B+' rating to CBRE's announced $400 million senior subordinated notes due 2017. We assigned the senior subordinated notes a recovery rating of '6', reflecting our expectation that lenders would
