FINANCIAL INSTITUTIONS CREDIT OPINION 16 May 2017 Update RATINGS Gramercy Property Trust Domicile New York, New York, United States Long Term Rating Baa3 Type LT Issuer Rating - Dom Curr Outlook Positive Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Ranjini Venkatesan 212
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