Fitch Downgrades Fabrica Immobilare SGR to `Good Standards`

September 17, 2015 8:25 PM

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(The following statement was released by the rating agency) LONDON/PARIS, September 17 (Fitch) Fitch Ratings has downgraded Fabrica Immobiliare SGR's (Fabrica) Asset Manager Rating to 'Good Standards' from 'High Standards'.The Outlook is Stable.

Fabrica is an Italian real estate asset manager. KEY RATING DRIVERS In Fitch`s opinion, the combination of further turnover in Fabrica's staff and the weaker shareholders financial profile are inconsistent with our definition of a 'High Standards' Asset Manager Rating. Accordingly, Fitch has downgra...

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