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DEXUS invests in second rating

Following DEXUS Property Group's seven-year bond switch the week before last, Moody's assigned Baa1/Stable/P-2 ratings to DEXUS Finance Pty Ltd., and its securities issuance program, last week. The same ratings were assigned to DEXUS Property Group in September. Debt issued under the program will rank pari passu with all other senior unsecured debt of DEXUS Property Group.The Baa1 rating reflects DEXUS's ownership of a diverse portfolio of high-quality office properties in Australia, as well as industrial properties in Australia and North America. The stable outlook on the rating reflects the quality of DEXUS's property portfolio and the group's commitment to maintaining a financial profile appropriate for the Baa1 rating. Dexus was previously rated only by S&P.

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