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      Instrument data
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      DE000A2TSB16
      Coupon percent
      5.25%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      30,000,000
      Maturity date
      30/04/2024
      -
      WD Outlook: N/A
      WD
      Latest change
      Withdrawal
      16/09/2020
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: client’s request
      Rigel Scheller Lead analyst
      Thomas Faeh Committee chair
      Scope affirms and withdraws B+/Stable issuer rating on FCR Immobilien AG

      16/9/2020 Rating announcement EN

      Scope affirms and withdraws B+/Stable issuer rating on FCR Immobilien AG

      The affirmation reflects leverage remaining high at above 65%, partially mitigated by the addition of income-producing assets that are likely to support EBITDA interest cover going forward. The rating has been subsequently withdrawn for business reasons.

      Scope bestätigt B+ Rating der FCR Immobilien AG, Ausblick Stabil

      11/9/2019 Rating announcement DE

      Scope bestätigt B+ Rating der FCR Immobilien AG, Ausblick Stabil

      Ratingbestätigung trotz der früher als erwartet gestiegenen Verschuldung, da deren Anstieg durch die Akquisition vermieteter Immobilien, welche zur zukünftigen Stabilisierung der EBITDA Zinsdeckung beitragen, aus Kreditsicht teilweise aufgefangen wird.

      Scope affirms B+ issuer rating of FCR Immobilien AG, Outlook Stable

      11/9/2019 Rating announcement EN

      Scope affirms B+ issuer rating of FCR Immobilien AG, Outlook Stable

      Although FCR’s leverage has increased earlier than expected, the rise is partially mitigated by the addition of income-producing assets which provide more certainty on the improving stability of EBITDA interest cover going forward.

      Date Title