Brookfield Office Properties Inc T.BPO.PR.A

Alternate Symbol(s): BRPPF | T.BPO.PR.C | BOPPF | T.BPO.PR.N | BKAAF | T.BPO.PR.P | BRKFF | T.BPO.PR.R | BROAF | T.BPO.PR.T | T.BPS.PR.U | T.BPO.PR.W | BRPYF | T.BPO.PR.Y | T.BPO.PR.X | T.BPO.PR.E | BKEEF | T.BPO.PR.G | BROPF | BKOFF | T.BPO.PR.I

Brookfield Office Properties Inc. is a global office property company. The Company owns, manages, and develops premier assets in the resilient markets. The Company's signature properties define the skylines of dynamic cities around the globe, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, London, Berlin, Sydney and Perth. From Brookfield Places in New York City, Toronto and Perth to Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, its distinguished portfolio attracts financial, energy, government and professional service organizations which have high credit ratings and maintain long-term leases.

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Brookfield Office Properties Inc > BPY Debt Downgrade

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Comment by Carenaon Dec 22, 2023 9:07am

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Post# 35797358

RE:RE:RE:RE:BPY Debt Downgrade

Hi again,

One last point on the downgrade to Junk.

Imagine being BAM and trying to raise funds to "manage" assets for pension funds etc.

Brookfield's Investment Grade Credit Rating on its very own assets such as BPY is incredibly important. Even though the downgrade was not a surprise, having "managed" its own BPY assets from an investment grade rating to a junk rating has to be a major issue within Brookfield and I would have to think it will be of utmost urgency to get this back in line. Brookfield's long term legacy comes from real estate and is a huge % of their overall assets under management.

Time will tell.

Carena

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REITS over single property investments