LOS ANGELES–(BUSINESS WIRE)–CBRE Group, Inc. (NYSE:CBRE) today announced that Moody’s Investors
Service has raised the company’s senior unsecured rating to Baa1, with a
stable outlook.
In making the upgrade, the Moody’s analysis cited CBRE’s strong business
momentum, credit profile and growth in recurring revenue.
“The Moody’s upgrade is a strong endorsement of our strategy of
investing in the growth of our business while managing our balance sheet
conservatively,” said Jim Groch, chief financial officer and chief
investment officer for CBRE.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company
headquartered in Los Angeles, is the world’s largest commercial real
estate services and investment firm (based on 2018 revenue). The company
has more than 90,000 employees (excluding affiliates) and serves real
estate investors and occupiers through approximately 480 offices
(excluding affiliates) worldwide. CBRE offers a broad range of
integrated services, including facilities, transaction and project
management; property management; investment management; appraisal and
valuation; property leasing; strategic consulting; property sales;
mortgage services and development services. Please visit our website at www.cbre.com.
Contacts
Brad Burke
Investor Relations
215.921.7436
Steve Iaco
Corporate Communications
212.984.6535
