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Summary: UNIBAIL Sep 02

  • ID: 1886801
  • September 2002
  • Standard & Poors
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Abstract
The ratings on Unibail primarily reflect the company's above-average business profile, based on its leading position in the Paris commercial-property market and in large French shopping centers, coupled with its consistent focus on prime assets and high-quality tenants. The ratings also take into consideration the company's moderate financial profile, ascribable to satisfactory debt-coverage and gearing measures, as well as its satisfactory liquidity, controlled exposure to property development, and limited downsize risks. Unibail is a French property-investment company whose appraised property portfolio totaled about €7.4 billion at June 30, 2002. Property rents are split as follows: offices, 51%; shopping centers, 31%; and exhibition and convention centers, 19%. The company's above-average business profile is based on its: Leading position in the Paris...

Companies mentioned in this report are:
- Unibail-Rodamco

Action: Review

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 >

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- Unibail-Rodamco

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