trending Market Intelligence /marketintelligence/en/news-insights/trending/1fALc3O2gvyNL26BLSIKsA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

S&P lowers CBL & Associates ratings

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

S&P lowers CBL & Associates ratings

S&P Global Ratings downgraded its issuer credit rating on CBL & Associates Properties Inc. to B from B+, with a negative outlook.

The rating agency also lowered its issue-level unsecured debt ratings on the regional mall real estate investment trust to B+ from BB-, while its recovery rating remains at 2. The company's preferred stock rating was also downgraded to CCC from CCC+.

Ratings said the REIT's decision to suspend its common and preferred stock dividends, potentially through the end of 2020, will likely limit its access to capital to refinance its debt maturities in 2023.

The negative outlook reflects the expectation that CBL will be challenged over the next 12 months as it struggles to find tenants for its malls, a move that could further weaken its operating and financial performance, according to the rating agency.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.