Highest credit rating in the Spanish Real Estate sector
Highly positive assessment of operating performance
Diversified portfolio with a strong leadership in CBD
Solid financial profile of the Colonial Group
The rating agency Standard&Poors (S&P) has announced the improvement of the credit rating of Colonial, upgrading its rating from BBB- to BBB, with stable outlook. S&P has assessed the positive operating performance of Colonial as well as the improvement of the financial profile of the Group.
The key considerations for the credit rating upgrade have been:
A prime office portfolio located in the city centers of Barcelona, Madrid and Paris
Leadership in CBD: a portfolio of high quality assets with a 75% CBD exposure throughout Paris, Madrid and Barcelona, CBD exposure above other peers in the office market
An adequate geographical diversification in both assets and tenant base
The positive trend in the office markets, both in Spain and France
The growing demand in the office markets where Colonial operates, enabling like-for-like rental growth
Commitment to maintain a capital structure with prudent leverage ratios
Increase in rental income due to new acquisitions of assets
Currently, the Colonial Group has 80% of its debt in corporate bonds, with 7 issuances that prove the high acceptance from capital markets.
"The information included in this document should be read together with all of the public information available, particularly the Company's website www.inmocolonial.com."
For more information:
Román y Asociados +34 934 142 340
Xavier Ribó x.ribo@romanyasociados.es +34 669 486 003
Víctor Palacio - v.palacio@romanyasociados.es +34 677 782370 María Martínez -maria.martínez@romanyasociados.es
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Inmobiliaria Colonial SA published this content on 19 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 April 2017 17:30:13 UTC.
Original documenthttps://www.inmocolonial.com/sites/default/files/press_release_rating.pdf
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