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Prospect News home > News index > List of issuers G > Headlines for GLP Pte. Ltd. > News item |
S&P assigns BBB to GLP
S&P said it assigned its BBB long-term corporate credit rating to GLP Pte. Ltd.
The outlook is stable.
The agency said the corporate credit rating reflects GLP's position as one of the largest operators of modern logistics centers globally, which should help mitigate the impact of the increase in GLP's debt leverage following its privatization in early 2018.
“We believe the privatization has not affected GLP's core operations and strategy,” S&P said in a news release.
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