S&P rates Adler Real Estate notes BB+

S&P said it assigned its BB+ long-term issue rating to two tranches of new medium-term senior unsecured notes issued by Adler Real Estate AG (BB/stable/--). The recovery rating on the debt is 2, reflecting an expectation of around 80% recovery (70%-90%).

“We arrive at our BB+ issue rating on the notes by adding one notch to our BB long-term issuer credit rating on Adler, applying our recovery analysis for issue ratings,” S&P said in a news release.

© 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.