Improving Financial Profile Key For Japan Real Estate Investment Corp. After Akasaka Park Building Purchase Nov 11
- Language: English
- Published: November 2011
- Region: Japan
TOKYO (Standard & Poor's) July 14, 2010--Standard & Poor's Ratings Services today assigned its 'AA-' rating to Japan Real Estate Investment Corp.'s (JRE; AA-/Negative/A-1+) proposed ¥10 billion Series 8 unsecured bonds, due July 23, 2015. The rating reflects JRE's strong business position, high asset quality, and conservative financial profile. JRE boasts the second-largest asset portfolio among the listed Japanese real estate investment trusts (J-REITs) that focus on office buildings. The company has a strong business position in the J-REIT market and commands high market recognition, backed by the strong brand recognition and credit quality of its sponsors, Mitsubishi Estate Co. Ltd. (Mitsubishi Estate; A+/Stable/A-1), The Dai-ichi Life Insurance Co. Ltd. (A/Negative/--), and Mitsui & Co. Ltd. (A+/Negative/A-1). As of June...
Companies mentioned in this report are:
- Japan Real Estate Investment Corp.
Action: New Rating
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Research type: News
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