Moody's assigns Ba2 CFR to GGP and rates GGP's proposed bank facility at Ba3; outlook stable
Moody's Investors Service assigned a corporate family rating of Ba2 to GGP Inc. ("GGP") and a senior secured rating of Ba3 to GGP's proposed bank credit facility currently being marketed. The rating outlook is stable. The following ratings were assigned: GGP Inc.: - Corp...GGP is a self-administered and self-managed real estate investment trust. The company, through its subsidiaries and affiliates, is an owner and operator of retail properties with a property portfolio primarily comprised of Class A retail real estate. As of Dec 31 2017, the company owned, either entirely or with joint venture partners, 125 retail properties located throughout the U.S. The company provides management and other services to substantially all of its properties, including properties which the company owns through joint venture arrangements. Substantially all of the company's business is conducted through GGP Operating Partnership, LP, GGP Nimbus, LP, and GGP Limited Partnership.
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