Moody’s assigns Baa2 to ADO

Moody's Investors Service said it assigned a Baa2 long-term issuer rating to ADO Properties SA.

The outlook is stable.

"ADO's Baa2 rating reflects ADO's focus on highly regulated and stable rental housing market in Germany and good asset quality as evidenced by consistently high occupancy and superior rental growth," Maria Maslovsky, Moody's vice president, senior analyst and lead analyst for ADO, said in a news release.

"The rating also reflects high geographic concentration with all of ADO's properties located in Berlin. The company has been operating in Berlin since 2006, however its track record as a large institutional player is more limited and it coincides with some large portfolio acquisitions completed since its IPO in 2015.”

© 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.