GPT Group Ratings Raised To 'A/A-1' On Solid Growth And Disciplined Financial Management; Outlook Stable

We believe that the GPT Group has demonstrated a preparedness to adhere to disciplined financial policies while growing a high-quality and diversified asset base. Accordingly, we have raised the long-term rating to 'A' from 'A-' and the short-term rating to 'A-1' from 'A-2'. The outlook is stable, reflecting our expectation that the group will continue to grow its high-quality asset base consistent with its diversified strategy, produce solid rental income, and adopt a moderate operating strategy. MELBOURNE (Standard&Poor's) April 15, 2016--Standard&Poor's Ratings Services said today that it had raised its long-term rating to 'A' from 'A-' and the short-term rating to 'A-1' from 'A-2' on Australian property company GPT Group and the company's related debt issues

...+ We believe that the GPT Group has demonstrated a preparedness to adhere to disciplined financial policies while growing a high-quality and diversified asset base. + Accordingly, we have raised the long-term rating to 'A' from 'A-' and the short-term rating to 'A-1' from 'A-2'. + The outlook is stable, reflecting our expectation that the group will continue to grow its high-quality asset base consistent with its diversified strategy, produce solid rental income, and adopt a moderate operating strategy. MELBOURNE (Standard & Poor's) April 15, 2016--Standard & Poor's Ratings Services said today that it had raised its long-term rating to 'A' from 'A-' and the short-term rating to 'A-1' from 'A-2' on Australian property company GPT Group and the company's related debt issues and programs. The outlook on the long-term rating is stable. "The upgrades are based on our view that GPT Group has demonstrated a preparedness to adhere to disciplined financial policies while growing a high-quality and...

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