Financing activity and financial rating
Icade's financial policy is governed by conservative principles: a low debt level, a will to increase the debt average maturity in line with that of the assets, and a diversification of funding sources.
Accordingly, the group extended its access to funds to the bond market, both public and private.
Financial Ratios
December 31st, 2017 |
|
---|---|
Loan to Value Ratio (LTV)¹ | 41,0% |
Interest Coverage Ratio (ICR) | 6,53x |
(1)Loan to value = (Net Financial Debt including Mark to Market derivatives) / (Appraisal value of Property Investment Portfolio –excluding rights- + Value of Service and Property development companies)
Financial Rating
The rating agency Standard & Poor's has given Icade the following ratings :
Long term | Short term | Since |
|
---|---|---|---|
Rating | BBB+ | A2 | September 2013 |