GPT gets S&P reward

18 April 2016

Standard & Poor’s (S&P) has announced the upgrade of GPT Group’s credit rating. The rating has been increased by one notch from A- to A. S&P said GPT’s preparedness to act in a disciplined financial manner while growing the group’s property portfolio had led to the upgrade. The higher credit rating comes with a “stable outlook” attached, which S&P says is premised on GPT continuing to act with the same prudence in the future. GPT is rated A3 by Moody’s.