S&P Revises BPPEH’s Outlook to Stable and Reaffirms ‘BBB’ Credit Rating
In a report released 28 May 2024, Standard and Poor’s (“S&P”) has revised Blackstone Property Partners Europe Holdings S.à r.l.’s (“BPPEH”) outlook to stable and reaffirmed its credit rating at ‘BBB’.
S&P highlighted BPPEH’s recent dispositions, including the agreed sale of the trophy retail asset in Milan, which meaningfully strengthen BPPEH’s balance sheet. S&P further noted that in their base case they expect BPPEH to continue to improve its operating performance, while maintaining its financial ratios and high-quality asset profile.
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.