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
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:
- Rodamco Europe N.V.
- Rodamco Europe Finance B.V.
- Rodamco Sverige AB
Action: Outlook: Stable
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Research type: News
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