02.07.2015 20:43:00

GPT Property Trust LP -- Moody's affirms Chambers Street and GPT Property Trust LP's Baa3 issuer ratings after merger announcement, outlook is stable

New York, July 02, 2015 -- Moody's Investors Service has affirmed the Baa3 issuer ratings of Chambers Street Properties and GPT Property Trust LP following their merger announcement. The merger is an all-stock transaction in which each Gramercy Property Trust (Gramercy, parent of GPT Property Trust LP) common share will be exchanged for 3.1898 common shares of Chambers Street. The outlook for the ratings is stable.

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