30 octo. 2017

SFL's credit rating upgraded to BBB+


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En savoir plus sur SFL - Société Foncière Lyonnaise

Rating agency Standard & Poor’s has announced the upgrade of SFL’s long-term credit rating to BBB+ with a stable outlook. SFL had previously been rated BBB, with an outlook revised to positive on 19 April 2017.

 

Standard & Poor’s noted that the upgrade was triggered by a fresh improvement in SFL’s financial risk profile in view of the fact that the leverage ratio (debt/debt plus equity) is expected to remain substantially below 40% and the interest cover ratio at no less than 3.5x.

 

SFL’s rating also continues to factor in the company's high-quality asset portfolio, given its strong concentration of properties in the Central Business District – the most resilient segment in the Paris market – and its 96% occupancy rate.