Atos Landlords’ Mortgage-Backed Debt in Focus as Firm Struggles
In recent weeks two ratings agencies downgraded River Green Finance 2020 DAC — a CMBS underpinned by the River Ouest office block, which is largely occupied by Atos’ headquarters. S&P Global Ratings, meanwhile, cut the ratings of Taurus 2021-DE3 securities linked to the Squaire office-complex near Frankfurt’s main airport, where an Atos subsidiary contributes around 10% of the annual rent.
https://www.bloomberg.com/news/artic...omepage-europe
- River Green, Taurus get ratings downgrades on Atos uncertainty
- Atos accounts for more than 80% of Paris office rental income
In recent weeks two ratings agencies downgraded River Green Finance 2020 DAC — a CMBS underpinned by the River Ouest office block, which is largely occupied by Atos’ headquarters. S&P Global Ratings, meanwhile, cut the ratings of Taurus 2021-DE3 securities linked to the Squaire office-complex near Frankfurt’s main airport, where an Atos subsidiary contributes around 10% of the annual rent.
https://www.bloomberg.com/news/artic...omepage-europe
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