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Axesor Confirms Merlin’s BBB Credit Rating Due to the High Quality of its Assets

Although the agency has confirmed the Socimi's BBB rating, it warned that the Covid crisis has negatively impacted the firm's activity and so its credit quality could deteriorate in the short term.

Complejo oficinas Vía Norte en Madrid de Merlin Socimi

Axesor has confirmed Merlin Properties’ credit rating as BBB due to the “high quality” of its asset portfolio and its adequate profitability and liquidity.

However, the ratings agency warned that the health crisis has had a negative impact on the economic environment and on real estate activity, which could cause the credit quality of the company to deteriorate in the short term, in the event that the economy performs poorly in 2021, according to Europa Press.

Read the full article in Spanish.

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