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S&P rates Public Storage Operating A
S&P said it assigned an A issuer credit rating to Public Storage Operating Co. following the completion of the restructuring to an umbrella partnership REIT on Monday, whereby Public Storage is the surviving parent entity and Public Storage Operating is a wholly owned subsidiary.
Public Storage’s A issuer rating is unchanged, S&P said.
“All our debt and preferred ratings are also unchanged,” the agency said in a press release.
The outlook is stable.
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