Rating
| Rating Agency | Rating Type | Rating | Outlook |
|---|---|---|---|
| S&P | long term rating | BBB+ | Negative |
| S&P | short term rating | A-2 | |
| S&P Maalot | long term rating | ilAA+ | Negative |
| S&P Maalot | short term rating | ilA-1+ |
Credit Rating reports
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
In December 2017, Aroundtown's ("AT") credit rating was upgraded to 'BBB+' by Standard and Poor’s Rating Services ("S&P"). The rating increase followed the 'BBB' rating assigned by S&P in June 2016, acknowledging Aroundtown’s increased scale and scope, enhanced diversification and the continuously strong like-for-like rental income growth. Further, S&P acknowledged Aroundtown's well balanced portfolio across multiple asset types and regions with no dependency on a single tenant, asset type or region, underlining the company's strong business risk profile.
