latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/moody-s-places-brookfield-property-reit-s-ratings-on-review-for-downgrade-57887819 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Moody's places Brookfield Property REIT's ratings on review for downgrade

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Moody's places Brookfield Property REIT's ratings on review for downgrade

Moody's placed Brookfield Property REIT Inc.'s ratings, including its Ba2 corporate family rating and Ba3 senior secured bank credit facility and senior secured note ratings, on review for downgrade.

The rating agency also downgraded the REIT's speculative grade liquidity rating to SGL-4 from SGL-3. The company's outlook was changed to rating under review from stable.

Moody's attributed the review for downgrade to concerns that Brookfield's reliance on available secured financing could present obstacles to refinance its large amount of mortgage debt maturities in 2020 because of the weakening market condition caused by the coronavirus pandemic.

The review also takes into account governance risks, particularly the potential for leverage to remain elevated, and expected cash flow reductions because of the risk of operating income declines, among other factors, according to the rating agency.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.