trending Market Intelligence /marketintelligence/en/news-insights/trending/axvHYEd-Sa-ayKm_iMwRPA2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

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

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch downgrades CBL ratings on weakening operating performance

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

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


Fitch downgrades CBL ratings on weakening operating performance

Fitch Ratings downgraded the ratings of regional mall real estate investment trust CBL & Associates Properties Inc. and its operating partnership.

The rating agency lowered the company's long-term issuer default rating to BB- from BB+ with a negative outlook. Fitch also lowered CBL's preferred stock to B/RR6 from BB-/RR6 and lowered the partnership's senior unsecured lines of credit, senior unsecured term loans and senior unsecured notes to BB-/RR4 from BB+/RR4.

The rating agency said the downgrade represents increasing weakness in CBL's operating performance, thanks in part to a shift in retail distribution toward e-commerce and omnichannel sales.

CBL is experiencing dwindling tenant demand for space at its class B malls, especially for less-profitable properties in weaker demographic areas.

The decline also mirrors weaker secured-mortgage availability for class B malls and a decline in CBL's unencumbered asset coverage of unsecured debt, Fitch added.