Fitch Revises Fibrashop's Outlook to Stable
- Fitch Ratings reaffirmed FibraShop's ratings, highlighting the recovery of the commercial sector and the refinancing plan.
FibraShop (FSHOP) (BMV: FSHOP13), a specialized real estate trust focused on shopping centers, wishes to inform the public that on April 13th, the credit rating agency Fitch Ratings reaffirmed the national long-term and short-term ratings of Irrevocable Trust No. F/00854 (Fibra Shop) at 'A+(mex)' and 'F1+(mex)' respectively.
The long-term rating outlook was revised from Negative to Stable.According to Fitch Ratings, the stabilization in the outlook considers the recovery of the commercial sector, the income contribution from La Perla property, positive free cash flow (FFL) generation in the future, the gradual deleveraging trend, and the refinancing plan for upcoming debt maturities.
FibraShop's ratings reflect the good quality of its asset portfolio, tenant diversification, and the expectation of decreasing leverage in the medium term. Fitch's projected base scenario estimates that Fibra Shop's revenues will continue to strengthen and that it will be able to increase rents in line with inflation.
