Mirvac has ended its commercial relationship with Standard & Poor

Company News

by Rachael Jones

Real estate group the Mirvac Group (ASX:MGR) yesterday announced that it is ending its commercial relationship with Standard & Poor.

There are also subsequently reducing the number of credit ratings it maintains to two.

Standard & Poor has indicated they may continue with an unsolicited credit rating for Mirvac.

Mirvac creates, owns, and manages a diverse portfolio of assets across the office, retail, industrial and residential property sectors in Australia.

Shares in Mirvac Group (ASX:MGR) closed 1.3 per cent higher at $2.33 yesterday.