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Grand City Properties S.A.: Update following rating affirmation

Our credit view of this issuer reflects its moderate leverage, constrained by its diversification into London as a non-regulated residential market.

Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
Louis Boujard ... (+4)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
  • Roy Külter
BRE MBANK SA
LHA DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT
FP TOTAL SE
EDEN EDENRED SA
PEO BANK POLSKA KASA OPIEKI SA
EQNR EQUINOR ASA
MT ARCELORMITTAL SA
JMT JERONIMO MARTINS SGPS S.A.
BEKB BEKAERT SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
ADS ADIDAS AG
APAML APERAM SA
PUM PUMA SE
OUT1V OUTOKUMPU OYJ
SSAB A SSAB AB CLASS A
DAI DAIMLER AG
SZG SALZGITTER AG
WHA WERELDHAVE N.V.
KOMB KOMERCNI BANKA A.S.
VOE VOESTALPINE AG
ACX ACERINOX SA
REE RED ELECTRICA CORP. SA
ELE ENDESA S.A.
XIOR XIOR STUDENT HOUSING N.V.
CARL B CARLSBERG A/S CLASS B
AIR AIRBUS SE
VOW3 VOLKSWAGEN AG PREF
ERA ERAMET SA
AMP AMPLIFON S.P.A.
REP REPSOL SA
COFB COFINIMMO SA
NDA AURUBIS AG
ANA ACCIONA SA
GAS NATURGY ENERGY GROUP S.A.
ARCAD ARCADIS NV
VASTB VASTNED RETAIL BELGIUM NV
MONT MONTEA SCA
AED AEDIFICA SA
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
KGX KION GROUP AG
CPINV CARE PROPERTY INVEST SA
PRY PRYSMIAN S.P.A.
ANDR ANDRITZ AG
VGP VGP NV
CFR COMPAGNIE FINANCIERE RICHEMONT SA
INGA ING GROEP NV
SAN BANCO SANTANDER S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
RIO RIO TINTO PLC
BHP BHP GROUP LTD
ARGX ARGEN-X SE
AMAG AMAG AUSTRIA METALL AG
DWS DWS GROUP GMBH & CO. KGAA
CCEP COCA-COLA EUROPEAN PARTNERS PLC
NSI NSI N.V.
ADYEN ADYEN NV
SIGN SIG COMBIBLOC GROUP LTD
KBX KNORR-BREMSE AG
8TRA TRATON SE
CPR DAVIDE CAMPARI-MILANO N.V.
WDP WAREHOUSES DE PAUW SCA
VUL VULCAN ENERGY RESOURCES
STLA STELLANTIS N.V.
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
SHEL SHELL PLC
GSK GSK PLC
DSFIR KONINKLIJKE DSM N.V.
H2O HIDROELECTRICA S.A.
TEN TENARIS S.A.
AAL ANGLO AMERICAN PLC
Louis Boujard ... (+4)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
  • Roy Külter
BRE MBANK SA
LHA DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT
FP TOTAL SE
EDEN EDENRED SA
PEO BANK POLSKA KASA OPIEKI SA
EQNR EQUINOR ASA
MT ARCELORMITTAL SA
JMT JERONIMO MARTINS SGPS S.A.
BEKB BEKAERT SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
ADS ADIDAS AG
APAML APERAM SA
PUM PUMA SE
OUT1V OUTOKUMPU OYJ
SSAB A SSAB AB CLASS A
DAI DAIMLER AG
SZG SALZGITTER AG
WHA WERELDHAVE N.V.
KOMB KOMERCNI BANKA A.S.
VOE VOESTALPINE AG
ACX ACERINOX SA
REE RED ELECTRICA CORP. SA
ELE ENDESA S.A.
XIOR XIOR STUDENT HOUSING N.V.
CARL B CARLSBERG A/S CLASS B
AIR AIRBUS SE
VOW3 VOLKSWAGEN AG PREF
ERA ERAMET SA
AMP AMPLIFON S.P.A.
REP REPSOL SA
COFB COFINIMMO SA
NDA AURUBIS AG
ANA ACCIONA SA
GAS NATURGY ENERGY GROUP S.A.
ARCAD ARCADIS NV
VASTB VASTNED RETAIL BELGIUM NV
MONT MONTEA SCA
AED AEDIFICA SA
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
KGX KION GROUP AG
CPINV CARE PROPERTY INVEST SA
PRY PRYSMIAN S.P.A.
ANDR ANDRITZ AG
VGP VGP NV
CFR COMPAGNIE FINANCIERE RICHEMONT SA
INGA ING GROEP NV
SAN BANCO SANTANDER S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
RIO RIO TINTO PLC
BHP BHP GROUP LTD
ARGX ARGEN-X SE
AMAG AMAG AUSTRIA METALL AG
DWS DWS GROUP GMBH & CO. KGAA
CCEP COCA-COLA EUROPEAN PARTNERS PLC
NSI NSI N.V.
ADYEN ADYEN NV
SIGN SIG COMBIBLOC GROUP LTD
KBX KNORR-BREMSE AG
8TRA TRATON SE
CPR DAVIDE CAMPARI-MILANO N.V.
WDP WAREHOUSES DE PAUW SCA
VUL VULCAN ENERGY RESOURCES
STLA STELLANTIS N.V.
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
SHEL SHELL PLC
GSK GSK PLC
DSFIR KONINKLIJKE DSM N.V.
H2O HIDROELECTRICA S.A.
TEN TENARIS S.A.
AAL ANGLO AMERICAN PLC
Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
 PRESS RELEASE

Stellantis Reports 13% Year-Over-Year Increase in Q3 2025 Shipments an...

Stellantis Reports 13% Year-Over-Year Increase in Q3 2025 Shipments and Net Revenues Stellantis Reports 13% Year-Over-Year Increase in Q3 2025 Shipments and Net Revenues Important Strategic Actions Taken and Early Signs of Commercial Progress;Significant Investments for Future Growth Already Announced Net revenues of €37.2 billion, up 13% compared to Q3 2024, primarily driven by growth in North America, Enlarged Europe and Middle East & Africa, while South America saw a moderate decrease.Consolidated shipments(1) totaled 1.3 million units, marking a 13% year-over-year increase (up 152,0...

 PRESS RELEASE

Stellantis Recognizes 54 Global Suppliers at Fifth Annual Supplier of ...

Stellantis Recognizes 54 Global Suppliers at Fifth Annual Supplier of the Year Ceremony in Paris     Stellantis Recognizes 54 Global Suppliers at Fifth Annual Supplier of the Year Ceremony in Paris ‘Supplier of the Year’ award granted to 20 suppliers34 additional suppliers nominated based on their outstanding performances PARIS, October 29, 2025 – Stellantis honored 54 outstanding global suppliers on October 28 across 20 categories, recognizing their remarkable performance, reliability, and commitment to operational excellence. Held in Paris, France – the birthplace of Stellantis’ icon...

 PRESS RELEASE

Stellantis Advances Global Robotaxi Strategy With New Collaboration Wi...

Stellantis Advances Global Robotaxi Strategy With New Collaboration With NVIDIA, Uber and Foxconn Stellantis Advances Global Robotaxi Strategy With New Collaboration With NVIDIA, Uber and Foxconn Designed to pave the way for: Expanding Stellantis’ growing ecosystem for Level 4 (driverless) autonomous mobility worldwideCombining vehicle engineering, AI computing, ride-hailing operations, and electronics into a scalable solutionBuilding on Stellantis’ AV-Ready Platforms to deliver safe, efficient, and affordable robotaxi services Reinforces Stellantis’ global approach to collaboration with l...

 PRESS RELEASE

JCDecaux wins the iconic advertising street furniture contract in Barc...

JCDecaux wins the iconic advertising street furniture contract in Barcelona for 10 years         JCDecaux wins the iconic advertising street furniture contract in Barcelona for 10 years  Paris, October 27th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that it has been awarded the exclusive advertising contract for Barcelona's Bus Shelters and City Information Panels (CIPs) following a competitive tender. JCDecaux will operate the largest street furniture contract in Spain's second largest city, marking its return to the capita...

 PRESS RELEASE

JCDecaux remporte le contrat emblématique du mobilier urbain publicita...

JCDecaux remporte le contrat emblématique du mobilier urbain publicitaire de Barcelone pour 10 ans JCDecaux remporte le contrat emblématique du mobilier urbain publicitaire de Barcelone pour 10 ans Paris, le 27 octobre 2025 – JCDecaux SE (Euronext Paris : DEC), numéro un mondial de la communication extérieure, annonce avoir remporté, à la suite d’un appel d’offres, le contrat publicitaire exclusif des Abribus® et des Mobiliers Urbains Pour l’Information (MUPI®) de Barcelone. JCDecaux exploitera le plus grand contrat de mobilier urbain de la deuxième ville d’Espagne et marquera ainsi son...

Carole Braudeau
  • Carole Braudeau
LHN HOLCIM AG
AC ACCOR SA ... (+12)

Credit Morning 10/24/2025

IGH: strong EBITDA decrease amid continued challenging market conditions|Nexity: a Q3 without surprises and without progress|URW: a solid Q3, accompanied by a new CEO, an acquisition and higher targets|

Carole Braudeau
  • Carole Braudeau
LHN HOLCIM AG
AC ACCOR SA ... (+12)

Morning Crédit 24/10/2025

IGH: strong EBITDA decrease amid continued challenging market conditions|Nexity : un T3 sans surprise et sans progrès|URW : un T3 solide, accompagné d’un nouveau CEO, d’une acquisition et d’une hausse des objectifs|

 PRESS RELEASE

JCDecaux signs the landmark OOH/DOOH advertising contract in Norway wi...

JCDecaux signs the landmark OOH/DOOH advertising contract in Norway with Bane NOR JCDecaux signs the landmark OOH/DOOH advertising contract in Norway with Bane NOR    Paris, October 23rd, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced today that JCDecaux Norge AS, its Norwegian subsidiary, has signed an exclusive 4+2+2 year contract to operate all the advertising assets at Norway’s railway stations including its largest and most important transportation hub, Oslo Central Station. Bane NOR will finance the capex. Morten Stray Flobe...

 PRESS RELEASE

JCDecaux signe avec Bane NOR un contrat publicitaire majeur pour la co...

JCDecaux signe avec Bane NOR un contrat publicitaire majeur pour la communication extérieure OOH et DOOH, en Norvège JCDecaux signe avec Bane NOR un contrat publicitaire majeur pour la communication extérieure OOH et DOOH, en Norvège Paris, le 23 octobre 2025 – JCDecaux SE (Euronext Paris : DEC), numéro un mondial de la communication extérieure, annonce aujourd’hui que sa filiale norvégienne JCDecaux Norge AS a signé un contrat exclusif de 4+2+2 ans, portant sur l’exploitation de l’ensemble des actifs publicitaires des gares de Norvège, notamment la gare centrale d’Oslo, son plus grand et...

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