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S&P assigns short-term rating to Deutsche Wohnen

S&P Global Ratings assigned an A-2 short-term corporate credit rating to Deutsche Wohnen AG.

The rating agency said the short-term rating reflects the company's A- long-term rating and stable outlook, which remain unchanged.

S&P noted the company's adequate liquidity profile and large portfolio of income-producing residential and nursing properties that uphold its business risk profile.

S&P forecasts that the liquidity sources will exceed Deutsche Wohnen funding needs by about 1.2x over the 12 months ending Sept. 30, 2017.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.