KBRA Assigns BBB- Issuer Rating to Newmark Group, Inc.

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns an issuer rating of BBB- with Stable Outlook to diversified real estate services company Newmark Group, Inc. (“Newmark”). The issuer rating assumes that Newmark will retire existing shorter-term borrowings using proceeds from a proposed senior unsecured note offering, to which KBRA also assigns a BBB- rating and Stable Outlook. The rating and outlook reflect favorably on Newmark’s low current and targeted leverage, scalable and