Moody's classifies Swiss Prime Site as a good debtor
The rating agency Moody's has given Swiss Prime Site (SPS) an A3 rating with a stable outlook. The Solothurn real estate company sees this as confirmation of its business model and financing structure. The positive rating is based on the value and distribution of SPS's portfolio.
According to a statement by Swiss Prime Site , the rating agency Moody’s has given the Solothurn-based real estate company an A3 rating with a stable outlook. SPS sees a strong credit rating and confirms its own strategic orientation. “The rating expresses Moody’s conviction that the Swiss Prime Site Group is financially and strategically solid as a comprehensive real estate investment platform,” company boss René Zahnd is quoted as saying in the press release. In addition, it opens up “opportunities for the real estate company to raise foreign capital if necessary,” adds CFO Marcel Kucher.
“Four core elements” were mainly relevant for Moody’s A3 rating, according to the statement. The first of these core elements is the very high-quality real estate portfolio worth CHF 12.5 billion, which is well distributed regionally and diversified across stable types of use. In addition, the expansion of the business model to include real estate management and the financial flexibility achieved through the new financing structure were rated positively. As the fourth core element, the communication lists the good economic conditions in Switzerland and its stable real estate market.