- Language: English
- Published: January 2011
- Region: France
Research Update: Outlook On France-Based Unibail-Rodamco Revised To Stable On Resilient Financial Metrics; 'A/A-1' Ratings Affirmed May 11
- Published: May 2011
- Standard & Poors
Solid operating performance and favorable market conditions are supporting Unibail-Rodamco's efforts to keep debt leverage in line with the current rating. Cash flow generation remained stable in 2010 thanks to the high-quality and geographically diversified retail property portfolio. A low cost of financing and a conservative hedging policy also support the capital structure. We are revising our outlook on Unibail-Rodamco to stable from negative and affirming our 'A/A-1' ratings on the group. On May 31, 2011, Standard & Poor's Ratings Services revised its outlook on France-based property group Unibail-Rodamco to stable from negative. At the same time, we affirmed our 'A' long-term and 'A-1' short-term corporate credit ratings on Unibail-Rodamco. The outlook revision follows our assessment that Unibail-Rodamco's credit metrics...
Companies mentioned in this report are: Unibail-Rodamco,Rodamco Europe N.V.,Rodamco Europe Finance B.V.,Rodamco Sverige AB
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Unibail-Rodamco,Rodamco Europe N.V.,Rodamco Europe Finance B.V.,Rodamco Sverige AB