Fitch affirms Unibail-Rodamco

Fitch Ratings said it affirmed Unibail-Rodamco SE's long-term issuer default rating at A, short-term issuer default rating at F1 and senior unsecured rating at A+.

The outlook on the long-term rating is stable.

"Unibail's ratings continue to reflect its concentration on large shopping centres in prime locations with resilient trading patterns, moderate leverage, ample interest coverage and a high tenant retention rate mitigating relatively short average lease maturities," said Jean-Pierre Husband, a Director in Fitch's EMEA corporate finance team, in a news release.

"The group also benefits from one of the strongest liquidity positions in the EMEA REIT sector."

© 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.