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Outlook On France-Based Unibail-Rodamco Revised To Stable On Resilient Financial Metrics; 'A/A-1' Ratings Affirmed May 11 Product Image

Outlook On France-Based Unibail-Rodamco Revised To Stable On Resilient Financial Metrics; 'A/A-1' Ratings Affirmed May 11

  • ID: 1886589
  • May 2011
  • Standard & Poors

Abstract
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. LONDON (Standard & Poor's) May 31, 2011--Standard & Poor's Ratings Services today said it 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...

Companies mentioned in this report are: Unibail-Rodamco,Rodamco Europe N.V.,Rodamco Europe Finance B.V.,Rodamco Sverige AB
Action: Outlook: Stable

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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Unibail-Rodamco,Rodamco Europe N.V.,Rodamco Europe Finance B.V.,Rodamco Sverige AB

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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