trending Market Intelligence /marketintelligence/en/news-insights/trending/y7ws2qdlZoORGRvWHseIiw2 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 lowers Dream Global REIT unit's backed senior unsecured debt rating

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Gauging Supply Chain Risk In Volatile Times


Moody's lowers Dream Global REIT unit's backed senior unsecured debt rating

Moody's assigned a corporate family rating to Dream Global REIT at B1 and downgraded the backed senior unsecured debt rating of Dream Global Funding I SARL to B1 from Baa2.

The rating agency also withdrew the Baa2 long-term issuer rating on the real estate owner and operator as a result of the downgrades. The outlook on both entities remains on ratings under review.

The downgrade was based on the recently completed sale of Dream Global to private equity giant The Blackstone Group Inc. The agency is of the opinion that the real estate investment trust's credit profile will weaken and the scale of its operations will be much smaller following the deal completion.

Moody's said the review will concentrate on the effect of the evolving shareholder structure on Dream Global's operations, strategy, financial policy and access to capital, among other things.

The review will be resolved once Moody's has enough awareness on the final structure, leverage, and quantity and quality of the remaining assets within the company following the deal. The review could result in a possible downgrade of one or more notches.