- Language: English
- Published: September 2013
- Region: Spain
Summary: Unibail-Rodamco Aug 10
- Published: August 2010
- Standard & Poors
The ratings on France-based property group Unibail-Rodamco reflect Standard and Poor's Ratings Services' view of the group's leading market positions in retail and offices; its prime-quality, well-diversified property portfolio, mostly focused on dominant regional shopping centers; resilient operating performance; and the solid track record of its management. Partially offsetting these strengths are Unibail-Rodamco's anticipated lower financial flexibility following the planned capital reimbursement, its large development program, active asset rotation strategy, and exposure to cyclical segments like offices and markets such as Spain. The group's excellent business risk profile is underpinned by the large property portfolio, 75% of which consists of high-quality retail assets. The portfolio is well-diversified by asset type and market and weighted toward stable European economies, particularly France....
Companies mentioned in this report are: Unibail-Rodamco
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >