Rating

Rating Agency Rating Type Rating Outlook
S&P long term rating

BBB

Stable

S&P short term rating A-2
S&P Maalot long term rating ilAA+ Negative
S&P Maalot short term rating ilA-1+

Financial Policy

  • LTV guidance below 45% on a sustainable basis
  • Debt to debt-plus-equity ratio at 45% (or lower) on a sustainable basis
  • Maintaining conservative financial ratios with a strong ICR
  • Unencumbered assets above 50% of total assets
  • Long debt maturity profile
  • Good mix of long term unsecured bonds and bank loans
  • Dividend of 75% of FFO I per share*

* subject to market conditions

S&P Anchor Rating Matrix

Amsterdam
Berlin
Dortmund
Munich
Stuttgart