S&P affirms Unibail-Rodamco

Standard & Poor’s said it affirmed its A long-term and A-1 short-term corporate credit ratings on Unibail-Rodamco. The outlook remains stable.

“We believe Unibail-Rodamco’s liquidity has improved over the past 12 months, because its total cash position and available undrawn credit lines increased to €5.4 billion as of March 31, 2015 from €4.9 billion a year before. This is mainly due to the proceeds of the €2.1 billion asset disposals achieved over the same period,” S&P said in a news release.

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