ICADE (EPA:ICAD) - Credit rating reaffirmed by Standard & Poor’s: BBB+ and stable outlook
Transparency directive : regulatory news
30/08/2018 18:36
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PRESS RELEASEIssy-les-Moulineaux, August 30, 2018
Credit rating reaffirmed by Standard & Poor's: BBB+ and stable outlook
Following its annual review and after analyzing 2019-2022 Icade's plan,
Standard & Poor's affirmed long-term rating of BBB+, stable outlook and
short-term rating of A-2.
This rating confirms its credit standing and capacity to finance its
development on short and medium term in attractive financial conditions.
ABOUT ICADE
Building for every future
As an investor and a developer, Icade is an integrated real estate player which
designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities- local authorities and communities,
companies and employees, institutions and associations... As a commercial and
healthcare property investor (portfolio value of EUR11.4bn as of 06/30/18 on a
proportionate consolidation basis) and as a property developer (2017 economic
revenues of EUR1,209m), Icade has been able to reinvent the real estate
business and foster the emergence of tomorrow's greener, smarter and more
responsible cities. Icade is a significant player in the Greater Paris area and
major French cities. Icade is listed on Euronext Paris as a French Listed Real
Estate Investment Company (SIIC). Its leading shareholder is the Caisse des
dépôts Group.
The text of this press release is available on the Icade website: www.icade.fr
CONTACTS
Victoire Aubry,
Member of the executive committee, head of finance,
Legal Affairs and IT
victoire.aubry@icade.fr
Charlotte Pajaud-Blanchard,
Press relations manager
+33(0)1 41 57 71 19
charlotte.pajaud-blanchard@icade.fr
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