S&P affirms Multiplan

S&P said it affirmed the BB+ global scale corporate credit and brAAA national scale corporate credit and issue-level ratings on Multiplan Empreendimentos Imobiliarios.

The outlook remains negative.

The agency said the affirmation reflects an expectation that Multiplan will continue growing steadily, increasing its cash flow from operations as the Brazilian economy rebounds, while the company pursues its expansion plan that S&P estimates will increase gross leasable area by about 17% until 2020, compared with the 2016 level.

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