TSX:BPO.P.A - Post by User
Post by
alertmeippon Jan 22, 2024 6:59pm
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Post# 35839912
BN's comment re: BPY
BN's comment re: BPYThe below is from BN's shareholder letter - Does this look like BN is going to abondon BPY to anyone? Clearly, they disagree with BPY's downgrade and have faith on BPY assets and think things will get better. Their business is built on trust.
"Despite this and the tailwind we expect from lower interest rates, our BPY rating was recently reduced to BB. However, as we look forward, we expect that the continued strong underlying performance of our assets, combined with improving credit markets and lower interest rates, sets us up well to grow cash flows and deal very comfortably with all debt maturities."