Kaufman & Broad: Fitch rates group 'BBB-'
(CercleFinance.com) - The international rating agency Fitch has just awarded Kaufman & Broad an Investment Grade BBB- rating, with a stable outlook.
In particular Fitch refers to Kaufman & Broad's solid business model and its high level of cash flow, favoured by limited working capital requirements in the project cycle.
Kaufman & Broad is currently the only pure property developer in Continental Europe that has an Investment Grade rating. This rating illustrates the strength of the Group's financial structure, its operating efficiency and its controlled investment strategy in managed residences, it said.
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In particular Fitch refers to Kaufman & Broad's solid business model and its high level of cash flow, favoured by limited working capital requirements in the project cycle.
Kaufman & Broad is currently the only pure property developer in Continental Europe that has an Investment Grade rating. This rating illustrates the strength of the Group's financial structure, its operating efficiency and its controlled investment strategy in managed residences, it said.
Copyright (c) 2022 CercleFinance.com. All rights reserved.