000 01238cab a22002175a 4500
001 L145239
008 080918e2008 xxkad f s 000 0 eng d
035 _a(Sirsi) u145239
041 0 _aeng
100 1 _aHutchison, Norman
245 0 0 _aCovenant strength in shopping centres
_ba diversified risk?
260 _c2008
490 0 _aJournal of Property Investment and Finance
_v26(4) 2008, 329-341(13)
520 _aConsiders 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.
590 _aKA
651 4 _aUnited Kingdom
_y
690 _aPROPERTY-PROPERTY FINANCE AND INVESTMENT-PROPERTY INVESTMENT MANAGEMENT
700 1 _aAdair, Alastair
700 1 _aMcWilliam, Julie
942 _n0
999 _c80745
_d80745