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S&P withdraws ratings on Beni Stabili following merger with Covivio

S&P Global Ratings withdrew its BBB long-term issuer credit ratings on Italian property developer Beni Stabili SpA SIIQ following the latter's merger with France's Covivio.

The ratings outlook was positive at the time of the withdrawal, while the rating reflected Beni Stabili's importance to Covivio's corporate structure and future strategy.

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.