Fitch Ratings affirmed Hammerson Plc's long-term issuer default rating at BBB+.
The outlook on the long-term issuer default rating is stable.
The rating agency noted the company's high occupancy rate in its portfolio of U.K., French and Irish shopping centers and its stable rental income.
Fitch also pointed out that Hammerson's recent move to convert its loan assets into prime Dublin shopping center assets also helped improve diversification in its portfolio.
Fitch also noted the company's strong liquidity and average debt maturity of 5.8 years as of the first half of 2017.
