PSP Swiss Property AG (PSPN.S)
Fri, Dec 8 2017
* PURCHASES A PRIME PROPERTY PORTFOLIO FOR CHF 190 MILLION FROM EDMOND DE ROTHSCHILD (SUISSE) S.A.
* BUILDING PERMIT OBTAINED FOR PROJECT "ORION" IN ZURICH WEST
* Sees FY 2017 EBITDA (excluding changes in fair value) of above CHF 240 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom)
* TOTALLING CHF 80.4 MILLION, H1 NET INCOME WAS DOWN VERSUS PREVIOUS YEAR’S RESULT (H1 2016: CHF 89.0 MILLION)
(The following statement was released by the rating agency) FRANKFURT/LONDON, June 15 (Fitch) Fitch Ratings has affirmed PSP Swiss Property AG's (PSP) senior unsecured rating at 'A-' and Long-Term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook. The Short-Term IDR has been affirmed at 'F2'. The affirmation reflects Fitch's expectation that the recent modest increase in PSP's net debt/EBITDA will reverse as new investments and refurbishments start to generate yield. PSP's strong balan