Credit rating following announcement of the business combination with Eurosic
Following announcement of the business combination with Eurosic, rating agencies have confirmed Gecina’s high credit quality.
Today, Moody's confirmed Gecina’s rating at A3 with a change from stable outlook to negative outlook though, waiting for the publicly announced disposals program to be realised to pull its LTV back below 40%.
Standard and Poor’s confirmed on June 21, 2017 Gecina’s credit rating to BBB+ / outlook positive.
Gecina: fourth largest European real estate group following the friendly business combination with Eurosic, with 19.3 billion euros of assets.
Paris, France, June 21, 2017
Europe's leading real estate group for offices, with 15.3 billion euros of assets. This operation will be accretive of 10% on recurrent net income per share on a full year basis. This[...]