Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Prisa > News item |
S&P affirms Prisa
Standard & Poor's said it affirmed Prisa's A+ corporate credit rating and A+ rating on roughly $150 million of unsecured debt.
The outlook is stable.
The ratings acknowledge Prisa's well-diversified, high-quality portfolio, which continues to benefit from acquisitions that deepen its position in strategic markets and the fund's strong financial profile, S&P said.
These strengths are tempered by Prisa's significant use of less transparent, off-balance-sheet joint ventures, which are more highly leveraged than the fund's consolidated assets, the agency said.
The issuer reported a fixed-charge coverage ratio of 6.2 times, according to S&P.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.