Paris, France, December 22, 2016
Moody's upgrades Gecina's rating to A3
Moody's has upgraded its rating for Gecina from Baa1 (outlook stable) to A3 (outlook stable).
The rating agency highlighted the significant improvement in the Group's financial ratios, particularly its EBITDA interest coverage and loan-to-value ratios. It also highlighted the quality of the Group's property portfolio, its effective financial management and the Paris rental market's positive trends.
For reference, on October 25, Standard and Poor’s also upgraded the Group's rating, from BBB+ / outlook stable to BBB+ / outlook positive.
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