Covenant strength in shopping centres a diversified risk?
Language: English Series: Journal of Property Investment and Finance ; 26(4) 2008, 329-341(13)Publication details: 2008Subject(s): Summary: Considers the volatility of covenant strength risk ratings in the top 25 UK retailers from 2002-2006 and analyses the credit risk scores for these retailers. Finds that there are important variations on covenant strength which represents financial risks for investors. Also shows how tenant change vacancies can impact on the overall risk profile of shopping centres. Concludes that the contribution of risk factors, such as covenant strength, is not well covered in the literature. This analysis could potentially identify likely defaulters at an early stage, thus improving the decision making process.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L145239 (Browse shelf(Opens below)) | 1 | Available | 145239-1001 |
Considers the volatility of covenant strength risk ratings in the top 25 UK retailers from 2002-2006 and analyses the credit risk scores for these retailers. Finds that there are important variations on covenant strength which represents financial risks for investors. Also shows how tenant change vacancies can impact on the overall risk profile of shopping centres. Concludes that the contribution of risk factors, such as covenant strength, is not well covered in the literature. This analysis could potentially identify likely defaulters at an early stage, thus improving the decision making process.