PropertyEU

Italy's IGD downgraded by Moody's as concerns grow in Italian retail sector

By Gordon Darroch 2019-04-09T00:00:00

IGD's main tenant, Coop Alleanza 3.0, has faced cut-throat competition in a challenging market.

Credit ratings agency Moody's has downgraded Italian REIT Immobiliare Grande Distribuzione (IGD) in response to the declining prospects in the country's retail sector.

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