GAIP has adopted a more-conservative leverage target that supports cash flow protection metrics at the higher end of our expectations for its current financial profile. Further, we view the partnership's asset portfolio has strengthened over the past year. As a result, we are raising the rating on GAIP to 'BBB+' from 'BBB'. The outlook is stable, reflecting our view that GAIP will prudently manage the timing and execution of its asset sales, equity issuance, and debt issuance to fund its committed development pipeline. MELBOURNE (S&P Global Ratings) Aug. 9, 2016--S&P Global Ratings said today that it had raised its corporate credit rating on Goodman Australia Industrial Partnership (GAIP) to 'BBB+' from 'BBB'. The outlook is stable. "We raised the rating
