Summary: Societe Fonciere Lyonnaise S.A. Oct 02
- ID: 1712406
- October 2002
- Standard & Poors
(Editor's note: This summary analysis has been republished to replace misstated information in the liquidity section regarding the first year of Société Foncière Lyonnaise's scheduled large debt repayments. A corrected version follows.) The 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 ?2.75 billion prime Paris property portfolio (valued at June 30, 2002), 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 as reflected by its recent "Village Victor Hugo"...
Companies mentioned in this report are:
- Societe Fonciere Lyonnaise S.A.
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