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Article: Jones Lang LaSalle Debt Upgraded by Moody's Investors Service.
- Article from:
- PR Newswire
- Article date:
- March 14, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO and LONDON -- Jones Lang LaSalle Incorporated , the leading global real estate services and investment management firm, reported that Moody's Investors Service upgraded the Company's senior unsecured debt rating to Ba1 from Ba2. The Company's debt is rated BBB- by Standard & Poor's.
In support of the upgrade, Moody's cited Jones Lang LaSalle's material improvement in credit fundamentals, relatively stable operating results and slightly improved margins in a challenging environment.
"We were extremely pleased with the Moody's upgrade and believe it validates our global real estate platform, clear strategy and strong brand," said Lauralee Martin, ...