Tag Archives: Ratings

S&P upgrades Detroit bond rating to investment grade

S&P Global Ratings on Wednesday upgraded its long-term rating on Detroit’s unlimited-tax general obligation debt to investment grade, raising it to BBB from BB-plus. The outlook is stable. The rating agency said the change reflected a stronger financial position and its “increased confidence in the city’s ability to sustain balance within the construct of its latest pension funding framework.” S&P’s …

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Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have …

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