sur KAUFMAN & BROAD (EPA:KOF)
Fitch Ratings Confirms Kaufman & Broad's Investment Grade Rating
On August 29, 2024, Fitch Ratings confirmed Kaufman & Broad S.A.'s investment grade rating at “BBB-” with a stable outlook. This rating has remained unchanged since 2022.
The confirmation underscores the company's solid commercial and financial profile, demonstrating resilience during periods of low demand. Notably, Fitch highlighted the timely progress of the Gare d'Austerlitz project, Kaufman & Broad's largest non-residential project, showcasing effective project management.
The agency further emphasized that Kaufman & Broad maintains a net cash position, comfortably covering upcoming debt maturities. Supported by targeted pre-sales and limited working capital requirements, the company's financial standing contributes positively to its cash flow cycle.
Kaufman & Broad holds the distinction of being the only pure homebuilder in Europe with an investment grade rating. This confirmation by Fitch underscores the company's robust financial structure and its capacity to generate substantial cash flow, even in a challenging environment.
R. E.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de KAUFMAN & BROAD