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Brookfield Property REIT Inc. -- Moody's rates Brookfield Property REIT's secured note at Ba3, affirms ratings, and assigns SGL-3 liquidity rating; rating outlook stable

Moody's Investors Service has assigned a Ba3 rating to Brookfield Property REIT Inc.'s (BPR) proposed $750 million senior secured note due 2026 to be issued by BPR and its subsidiaries. The new issue proceeds will be used to repay the outstanding balance on the revolving credit facility and term loans.