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Research Update: France-Based Property Group Unibail-Rodamco 'A' Long-Term and 'A-1' Short-Term Ratings Affirmed; Outlook Stable Jun 10

  • ID: 1886590
  • June 2010
  • Standard & Poors
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FEATURED COMPANIES

  • Rodamco Europe N.V.
  • Rodamco Sverige AB
  • Unibail-Rodamco
  • MORE

Abstract
France-based property group Unibail-Rodamco has, in our view, a large, high-quality, and diversified retail property portfolio that provides stable cash flows. It also has a solid capital structure. We are affirming our 'A' long-term and 'A-1' short-term corporate credit ratings on Unibail-Rodamco. The stable outlook mainly reflects our view of the group's ability to maintain adequate leverage and financial flexibility amid difficult market conditions. On June 4, 2010, Standard & Poor's Ratings Services affirmed its 'A' long-term and 'A-1' short-term corporate credit ratings on France-based property group Unibail-Rodamco. The outlook is stable. The ratings on France-based property group Unibail-Rodamco reflect our view of its position as Europe's largest real estate company; its high-quality and well-diversified property portfolio that is mostly...

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

Action: Affirmed
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 READ MORE >

Note: Product cover images may vary from those shown
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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
3 of 3
Note: Product cover images may vary from those shown