STXNEWS LATAM-Standard & Poor's upgrades Brazil's Multiplan to BBB

RIO DE JANEIRO Tue Dec 10, 2013 5:55pm EST

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RIO DE JANEIRO Dec 10 (Reuters) - Ratings agency Standard & Poor's lifted the corporate credit rating on the global scale of Multiplan Empreendimentos Imobiliários SA to BBB, the Brazilian real estate and shopping mall developer said in a securities filing late Tuesday.

The agency had previously rated Multiplan's corporate credit at BBB-minus. The outlook for the new rating, Multiplan said in the filing, is stable." (Reporting by Luciana Bruno)

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