- Published: January 2011
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
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