Moody's rates Gecina notes Baa3

Moody's Investors Service said it assigned a senior unsecured rating of Baa3 to the euro medium-term note program of Gecina SA.

The senior unsecured rating is in line with Gecina's long-term issuer rating of Baa3.

The outlook is stable.

Gecina's Baa3 long-term issuer rating reflects the size and quality of the company's property portfolio, which benefits from having an active internal property management team and produces a strong, recurring rental income stream, the agency said.

However, the portfolio is geographically concentrated in Paris and the Paris regions in France, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.