Merlin Properties : S&P highlights diversification and good balance sheet management at Merlin
>S&P upgrades credit rating to BBB+ vs BBB, with positive outlook…. - S&P yesterday evening upgraded MERLIN Properties’ credit rating to “BBB+” highlighting the quality of its capital structure and the growth opportunities that could stem from its cash flow. The previous BBB rating had been put on positive watch following the disposal of the BBVA branches for € 2.1bn in June 2022.The agency highlighted the marked improvement in operating performances and credit m...Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of a real estate investment trust (REIT). The Company focuses on the acquisition, management and rental of commercial properties located in the Iberian Peninsula, primarily in Spain. The Company's activities are divided into the following segments: Office buildings, operating a portfolio of office space; High-street retail, engaged in leasing retail stores; Shopping centers, engaged in managing department stores; Logistics, operating logistics warehouses and distribution centers, and Others. The Company's other activities include property management services rendered to third parties.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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