Fitch gives A to Unibail

Fitch Ratings said it assigned Unibail-Rodamco SE a long-term issuer default rating of A and a senior unsecured rating at A+. The company's short-term issuer default rating is F1.

The outlook on the long-term issuer default rating is stable.

"The combination of strong geographical diversification, focus on large shopping centers in prime locations, moderate leverage, ample rental interest cover and high retention rate mitigating the relatively short average lease maturity, positions Unibail at the top of its peer group," Frederic Gits, at Fitch, said in a statement.

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