Moody’s gives A3 to PSP Swiss Property

Moody's Investors Service said it assigned PSP Swiss Property AG a long-term issuer rating of A3.

The outlook is stable.

"PSP's A3 long term (senior unsecured) rating reflects the high quality of its properties located in Switzerland's prime locations, its moderate tenant concentration and good industry diversification, as well as its exposure to the stability of the Swiss economy," Moody’s senior credit officer Roberto Pozzi said in a news release.

"The rating also positively reflects management's conservative investment practices and the company's low leverage and high fixed charge coverage."

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