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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 Product Image

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

  • Published: June 2010
  • Standard & Poors

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

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

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