Newmark Group received its first standalone credit ratings since its initial public offering in December, and the results were disappointing. S&P Global Ratings gave Newmark Group a grade of BB+, which is a rating of a speculative, non-investment-grade company. By comparison both CBRE and JLL have investment-grade ratings of BBB+ from S&P. Fitch Ratings gave the company a rating of BBB-, which is just one step above a junk-grade rating. The S&P rating, in particular, […]
source https://therealdeal.com/2018/10/25/newmark-receives-junk-grade-from-sp/
No comments:
Post a Comment