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S&P increases credit rating of CBRE to ‘Investment’

CBRE recently announced about having its credit rating increased from “Normal” to “Investment” with positive prospects by the credit rating agency Standard & Poor’s (S&P). This is the second time within six months that S&P increases CBRE’s credit rating with a new non-banking evaluation method. In its latest analysis on CBRE released in June 2014, S&P talked about CBRE’s cautious management and its increase in contract revenue, leading to the rise of the company’s credit rating. According to Jim Groch, CBRE's Chief Financial Officer and Global Director of Corporate Development, the increase in S&P credit rating is a long step to CBRE.

Source: DDDN