Swiss Prime Site: UBS raises the credit rating to “BBB +”, stable outlook
Zurich (AWP) – Swiss Prime Site (SPS) sees its credit rating raised by UBS to “BBB +” against ” BBB “previously. The prospect associated with debt capacity of the property company is considered “stable”, notes the largest bank in a statement Wednesday.
The group has a dominant position in the domestic real estate market, a portfolio of quality, leases of relatively long duration and a manageable vacancy rate, which ensure stable rental income.
The acquisition of Jelmoli, Wincasa or Tertianum bring further diversifying sources profit, further accentuated by the operation launched on SenioCare. The financial profile of the company has finally improved, although significant use of cash remains a black spot, reports the Swiss number one bank.
jh / al
(AWP / 02.09.2015 10:30)
(AWP / 02.09.2015 10:30) ->
No comments:
Post a Comment