S&P increase Gecina (Metrovacesa) rating

Spanish commercial real estate news

Standard & Poors’s rating service has increased the long term debt rating of Gecina to “BBB-” from “BB+” and states that the stable outlook reflects their view that Gecina will continue to exhibit a stable performance in line with the investment-grade rating.

The rating agency indicated that Gecina has resolved the issues affecting the shareholding of the company, in reference to its main two shareholders, Joaquín Rivero and Metrovacesa.

At the same time, the short-term corporate credit and debt ratings on Gecina were raised to ‘A-3′

For transactions information on the Spanish commercial real estate market contact | i-comparables.com

12 Responses to “S&P increase Gecina (Metrovacesa) rating”

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  3. alejandro says:

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  4. Leo says:

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  5. shawn says:

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  6. Alex says:

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  7. ray says:

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  8. Brandon says:

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  9. Herman says:

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