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Prospect News home > News index > List of issuers H > Headlines for Hammerson plc > News item
Published on 6/28/2019 in the Prospect News Investment Grade Daily.

Fitch cuts Hammerson

Fitch Ratings said it downgraded Hammerson plc's long-term issuer default rating to BBB from BBB+ with a stable outlook and senior unsecured debt rating to BBB+ from A-.

The short-term issuer default rating was affirmed at F2.

“The downgrade reflects the group's lower rental-derived cash flow generation and limited U.K. rental growth prospects,” the agency said in a news release.


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