S&P gives Multiplan BB

Standard & Poor's said it assigned its BB long-term corporate credit rating to Multiplan Empreendimentos Imobiliários SA.

The agency said it also assigned its brAA- national-scale long-term corporate credit rating to Multiplan.

The outlook is stable.

According to S&P, the rating on Multiplan reflects the company's aggressive growth plans, including expansion, greenfield projects and opportunistic acquisitions, intense consolidation trends in the shopping mall industry in Brazil and the company's intention of growing its real estate operations, which are capital intensive and riskier than mature shopping mall operations.

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