Summary: AMB Property Corp.
- ID: 1753929
- May 2011
- Standard & Poors
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.
Standard & Poor's Ratings Services' ratings on AMB Property Corp. reflect its satisfactory business risk profile hinged on the real estate investment trust's (REIT) portfolio of good quality, well-located, and diverse global industrial properties that we expect will outperform the broader industrial market as fundamentals strengthen. The company's intermediate financial risk profile is characterized by moderate leverage (undepreciated real estate basis), currently low, but steady coverage measures and adequate liquidity, including demonstrated access to private capital to support joint-venture investments. Our ratings on AMB remain on CreditWatch, where they were placed with negative implications on Jan. 28, 2011, pending the completion of its merger with ProLogis (BBB-/Stable/--). San Francisco-based AMB is an owner, operator, and developer of global industrial real...
Companies mentioned in this report are: AMB Property Corp.
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