February 06, 2025 13:49 GMT
REAL ESTATE: Simon Property (SPG: A3/A- pos): S&P revise to Positive
REAL ESTATE
- Simon Property (SPG: A3/A- pos): S&P revise to Positive
- Cites: Resilient Operating Performance
- Would raise rating if Debt/EBITDA maintained below <6x (currently mid 5x)
- Fixed-charge cover above 3.1x (currently mid 3s)
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