S&P: Public Storage unaffected

Standard & Poor's said its ratings and outlook on Public Storage Inc. (A-/stable) would not be affected by the company's recently announced pending sale of a 51% interest in Shurgard Europe.

Although Public Storage has not entered into a binding agreement, the company has agreed to sell a majority stake in its European platform to a private investor expected to close during the first quarter, according to the agency.

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