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AMB Property Corp., AMB Property L.P. 'BBB' Corporate Credit Ratings Affirmed; Outlook Stable Jun 06
Standard & Poors, June 2006
Abstract
NEW YORK (Standard & Poor's) June 12, 2006--Standard & Poor's Ratings Services today affirmed its 'BBB' corporate credit ratings, 'BBB' senior unsecured debt ratings, and 'BBB-' preferred stock ratings on AMB Property Corp. and AMB Property L.P. (together, AMB). The outlook is stable. 'The ratings acknowledge AMB's well-located, institutional quality assets, which are well diversified across major global distribution markets. To date, the company's senior management team has executed a thoughtful global expansion strategy, although inherent risks including political, currency, cultural and managerial persist,' said Standard & Poor's credit analyst Beth Campbell. 'The company has an established track record of tapping diverse global capital sources, providing it with solid financial flexibility. While encumbrance levels are relatively high when the company's...
Companies mentioned in this report are: ProLogis Inc,ProLogis L.P.
Action: Affirmed
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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