S&P Global Ratings expects to maintain Aeon Mall (TYO:8905) at its current BBB rating if it becomes a wholly owned subsidiary of parent Aeon (TYO:8267), according to a Tuesday release.
The Japan-based mall operator said it will begin discussions with its retailer parent on becoming a wholly owned subsidiary via an exchange of stock.
Despite having a stronger standalone credit profile compared with the group, Aeon Mall's rating is limited by that of its parent due to the likelihood of the mall operator extending emergency support to the group, S&P said.
The process will enhance integration, which will somewhat boost the mall operator's business competitiveness and profitability amid challenges from competition and inflation, S&P said.
Aeon Mall's ongoing overseas investments will maintain a high financial burden, but S&P expects the company to prioritize financial discipline as part of the broader Aeon group.
Price (JPY): $2359.50, Change: $-84, Percent Change: -3.42%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。