CHICAGO, May 1 /PRNewswire-FirstCall/ -- Jones Lang LaSalle Incorporated , the leading global real estate services and investment management firm, announced today that Moody's Investors Service assigned an issuer rating for Jones Lang LaSalle Incorporated of Baa2 with a stable outlook. Moody's stated that the rating was based on the firm's "sound global position in the real estate services and investment management industries, diversified revenue streams, strong cash flow generation, and modest levels of debt."
"We are very pleased with this solid investment-grade rating from Moody's and, while we have no current plans to issue additional debt, we value the rating as recognition of the firm's globally diversified strength, effective execution of strategic initiatives and disciplined financial management," said Lauralee E. Martin, Chief Operating and Financial Officer of Jones Lang LaSalle.
About Jones Lang LaSalle
Jones Lang LaSalle , the only real estate money management and services firm named to Forbes magazine's Platinum 400, has more than 100 offices worldwide and operates in more than 430 cities in 50 countries. With 2005 revenue of approximately $1.4 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of 927 million square feet worldwide. In 2005, the firm completed capital markets sales and acquisitions, debt financings, and equity placements on assets and portfolios valued at $43 billion. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate money management firms, with approximately $34 billion of assets under management. For further information, please visit http://www.joneslanglasalle.com/ .
Forward-Looking Statements
Statements in this press release regarding future financial results, performance and plans may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve uncertainties and other factors that may cause actual results, performance and plans to be materially different from those expressed or implied by such forward-looking statements. We disclaim any obligation to update or revise any forward-looking statements contained above to reflect any change in our expectations or plans.
