The ratings reflect CB Richard Ellis Services Inc.'s profitability and debt service coverage, depending on cyclical sales and leasing transaction volume. CB Richard Ellis Services Inc. has announced that the acquisition of Insignia Financial Group Inc. is planned to close in June of this year. While the acquisition would leave the firm with a substantially stronger business position, the significant debt component to the financing will further challenge the firm's debt service capacity, which was already challenged by the operating environment. Los Angeles, Calif.-based CB Richard Ellis is a recognized leader in the commercial real estate sales and services industry, with 2002 revenue of approximately $1.2 billion. The company already has a strong business position in U.S. and European sales
