December 04, 2012 at 17:39 PM EST
TEXT-S&P rates Brookfield Residential Properties 'B+' CCR
Overview -- Brookfield Residential Properties Inc. (BRP) is a North American homebuilding and land development company with land holdings that ranks among the largest of the homebuilders that we rate. -- We are assigning a 'B+' corporate credit rating to the company and a stable outlook. -- We are also assigning a 'BB-' issue-level rating and a '2' recovery rating to the company's proposed $400 million senior unsecured notes. -- The stable outlook reflects our expectatio
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