Outlook On CB Richard Ellis Services Inc. Revised To Negative From Stable - S&P Global Ratings’ Credit Research

Outlook On CB Richard Ellis Services Inc. Revised To Negative From Stable

Outlook On CB Richard Ellis Services Inc. Revised To Negative From Stable - S&P Global Ratings’ Credit Research
Outlook On CB Richard Ellis Services Inc. Revised To Negative From Stable
Published Nov 26, 2008
916 words — Published Nov 26, 2008
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Abstract:

NEW YORK (Standard&Poor's) Nov. 26, 2008--Standard&Poor's Ratings Services said today that it revised its outlook on CB Richard Ellis Services Inc. (CBRE; BB+) to negative from stable. "We took this action to reflect modest weakening in CBRE's financial profile and our concern about potential further deterioration as the result of the mounting cyclical downturn in global commercial real estate (CRE) markets," said Standard&Poor's credit analyst Robert B. Hoban, Jr. CBRE is the main operating subsidiary of CB Richard Ellis Group Inc., the recognized leader in the CRE sales and services industry, with annual revenue in excess of $6 billion. Our rating on CBRE continues to reflect the company's position as the world's largest CRE

  
Brief Excerpt:

RESEARCH Outlook On CB Richard Ellis Services Inc. Revised To Negative From Stable Publication date: 26-Nov-2008 Primary Credit Analyst: Robert B Hoban, Jr., New York (1) 212-438-7385; robert_hoban@standardandpoors.com Secondary Credit...

  
Report Type:

Ratings Action

Ticker
CBG
Issuer
CBRE Services Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Outlook On CB Richard Ellis Services Inc. Revised To Negative From Stable" Nov 26, 2008. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-CB-Richard-Ellis-Services-Inc-Revised-To-Negative-From-Stable-686080>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlook On CB Richard Ellis Services Inc. Revised To Negative From Stable Nov 26, 2008. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-CB-Richard-Ellis-Services-Inc-Revised-To-Negative-From-Stable-686080>
  
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