13.11.2012 - S&P on credit quality in Europe's real estate sector
While the creditworthiness of rated European real estate companies should remain stable for the remainder of this year and into 2013, like-for-like rental growth opportunities are weak and depend on contractual rent indexation, says a report published by Standard & Poor's Ratings Services titled "European Real Estate Is Still On A Firm Footing, Despite The Weakening Outlook For Letting Activity In 2013." Furthermore, over-renting could become a bigger issue than in the past if contractual indexation pushes rents well ahead of market dynamics. "Credit quality among our rated portfolio of real estate companies should remain stable into 2013," said Standard & Poor's credit analyst Anna Overton...............................................Full Article: Source
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