Fitch raises SELP unsecured rating to A-

Fitch Ratings said it upgraded SELP Finance Sarl's senior unsecured rating to A-. The agency also affirmed SELP's long-term issuer default rating at BBB+.

“The senior unsecured rating has been upgraded as, under Fitch's recovery criteria, the EMEA real estate sector uplift is now applied to SELP's unencumbered portfolio of pan-European logistics assets. Among other factors, at least two-thirds of SELP's portfolio has long-dated leases and large units often in coordinated parks with critical mass and multiple tenants, and is located on key transport arteries,” the agency said in a press release.

The outlook is stable.

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