S&P Reaffirms BPPEH’s ‘BBB’ Credit Rating and Stable Outlook
In a report released 3 November 2022, Standard and Poor’s (“S&P”) has reaffirmed Blackstone Property Partners Europe Holdings S.à r.l.’s (“BPPEH”) credit rating at ‘BBB’ with a stable outlook.
S&P highlighted that “BPPEH’s prudent financial policy should support credit metrics in line with our ‘BBB’ rating” and stated that it “expects BPPEH’s rental income to benefit from indexation and rent reviews in the wake of higher inflation.” S&P also added that BPPEH’s “large, unencumbered capital structure with about €1.6 billion of available liquidity at Sept. 30, 2022, should support upcoming debt maturities of about €1.5 billion in the next 18 months.”
The full report from S&P is available on BPPEH’s website at www.bppeh.com.
About BPPEH
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated primarily in the logistics, residential and office sectors, with a focus on major European markets and key gateway cities. BPPEH is 100% owned by Blackstone Property Partners Europe.