S&P gives Landlord Workspace bond BBB

S&P said it assigned its BBB issue rating to the proposed senior unsecured guaranteed note to be issued by Workspace Group plc.

“The rating is in line with the BBB long-term issuer credit rating on the company,” the agency said in a press release.

Workspace plans to use the proceeds to refinance debt and to fund or refinance green projects.

“We do not view this senior unsecured issuance as subordinated to the outstanding senior debt of Workspace, given that all of Workspace's existing senior debt is unsecured,” the agency said in a press release.

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