Sentences with phrase «centro np»
Subsidiaries Centro NP LLC and Centro NP Residual Holding LLC will be changing their names to Brixmor LLC and Brixmor Residual Holding LLC, respectively.
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A month after selling a 5.1 - million - square - foot chunk from its U.S. portfolio, Centro Properties Group reported in mid-August that one of its domestic units, Centro NP, experienced a second - quarter loss of almost $ 300 million, rekindling questions about its viability as a going concern.
In a U.S. Securities and Exchange Commission filing, Centro NP, one of Centro Properties Group's U.S. divisions, said it lost $ 299 million in the quarter ended June 30.
A month after selling a 5.1 - million - square - foot chunk from its U.S. portfolio, Centro Properties Group reported that one of its domestic units, Centro NP, experienced a second quarter loss of almost $ 300 million, rekindling questions about its...
The news does not mean Centro NP faces imminent demise, notes Merrie Frankel, vice president and senior credit officer with Moody's Investors Service, a New York City - based credit rating agency.
The development with Centro NP raises serious concerns about whether the firm will be able to sell the remainder of its U.S. assets for a sufficient amount of money to meet its loan obligations.