CHICAGO, IL--(Marketwired - Dec 16, 2014) - Jones Lang LaSalle Incorporated (
The rating increase follows S&P's outlook change for JLL to positive in June 2014 and a recently announced change in ratings methodology. In its June analysis, S&P recognized JLL's conservative financial management, competitively strong market positions, wide geographic presence and well-executed global growth strategy.
"JLL's upgrade by S&P reflects our globally diversified strength, consistent business performance across all regions, superior client services and effective execution of strategic initiatives," said Christie Kelly, Chief Financial Officer of JLL. "We take great pride that we now have solid investment-grade ratings from both rating agencies."
Kelly continued, "We remain committed to investing for the benefit of our clients and employees, driving growth and productivity, and maintaining a strong balance sheet."
JLL reported $3.1 billion fee revenue for the first nine months of the year, up 17 percent from 2013, and Adjusted EPS of $4.38, up 46 percent from 2013. JLL recently announced a 9 percent increase in its semi-annual dividend to $0.25 per share from $0.23 per share, reflecting continued confidence in the firm's cash generation.
For more information on JLL's financial performance visit the Investor Relations site: http://www.jll.com/investor-relations.
About JLL
JLL (