- Language: English
- Published: January 2012
Summary: Societe Fonciere Lyonnaise S.A. Dec 01
- ID: 1712299
- December 2001
- Standard & Poors
The ratings on SociThe ratings on Société Foncière Lyonnaise S.A. (SFL)--one of the five largest listed property investment companies in France and one of the 20 largest in Europe--reflect the company's ?2.5 billion unencumbered prime Paris property portfolio (valued at June 30, 2001), well diversified by property type and tenant. SFL is pursuing its strategy of increasing its exposure to the high-end office sector in Paris' central business district and gradually reducing its stake in the very low-risk sector of prime Parisian residential property. At end-September 2001, the office and town-center retail sectors represented 76% of SFL's rental income, whereas the company's former area of focus, the high-end residential Parisian market, only accounted for 18% (versus 43% three years earlier). SFL's financial policy...
Companies mentioned in this report are:
- Societe Fonciere Lyonnaise S.A.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >