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Preliminary 'A+' Rating Assigned To Japan Real Estate Investment ?100 Bil. Shelf Registration Aug 07
Standard & Poors, Aug 2007
Abstract
TOKYO (Standard & Poor's) Aug. 8, 2007--Standard & Poor's Ratings Services today assigned its preliminary 'A+' rating to Japan Real Estate Investment Corp.'s (JRE: A+/Positive/A-1) -100 billion shelf registration. A final rating will be assigned after the amount and terms of any bond issue are finalized and a full rating analysis has been concluded, including a satisfactory review of the legal documents and confirmation of the purpose of funds raised. The preliminary rating reflects JRE's strong business position and conservative financial profile. The company has achieved a leading position in Japan's real estate investment trust (J-REIT) market, backed by its high-quality real estate portfolio and the strong credit quality of its sponsors. Its real estate portfolio generates stable cash flow...
Companies mentioned in this report are: Japan Real Estate Investment Corp.
Action: Preliminary Rating
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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