Avison Young (Canada) Inc: Update to credit analysis - Moody's Global Credit Research

Avison Young (Canada) Inc: Update to credit analysis

Avison Young (Canada) Inc: Update to credit analysis - Moody's Global Credit Research
Avison Young (Canada) Inc: Update to credit analysis
Published Mar 15, 2018
7 pages (3514 words) — Published Mar 15, 2018
Price US$ 250.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...All ratios are based on 'Adjusted' financial data and incorporate Moody's Global Standard Adjustments for Non-Financial Corporations. Source: Moody's, Avison Young audited/reviewed financials...

  
Report Type:

Credit Opinion

Company:
Issuer
Avison Young (Canada) Inc
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Avison Young (Canada) Inc: Update to credit analysis following outlook change from positive to stable - Credit Opinion – 2020/11/13 – US$ 250.00 – ...The B2 corporate family rating (CFR) of Avison Young (Canada) Inc reflects the company's small size on a revenue basis relative to its peers and potential cash flow volatility inherent in its transaction business. Avison Young was founded in 1978 as a small service company, however began its growth strategy in 2008 with a series of mergers and acquisitions. Despite the limited track record under its current business model, Avison Young has a well- seasoned management team with many years of public company and commercial real estate service experience. This experience has helped the company expand its portfolio over time through strategic acquisitions and organic growth. Since 2009, Avison Young has successfully recruited 389 experienced real estate professionals and completed 49 acquisitions through September 2020....

Moody's revises Avison Young's outlook to stable, B2 corporate family rating affirmed - Rating Action – 2020/11/10 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Avison Young (Canada) Inc: Update to credit analysis - Credit Opinion – 2020/02/27 – US$ 250.00 – ...The B2 corporate family rating (CFR) of Avison Young (Canada) Inc reflects the company's small size on a revenue basis relative to its peers, unproven growth strategy through different economic cycles and potential cash flow volatility inherent in its transaction business. Avison Young was founded in 1978 as a small service company, however began its growth strategy in 2008 with a series of mergers and acquisitions. Despite the limited track record under its current business model, Avison Young has a well-seasoned management team with many years of public company and commercial real estate service experience. This experience has helped the company expand its portfolio over time through strategic acquisitions and organic growth. Since 2009, Avison Young has successfully recruited 381 experienced real estate professionals and completed 47 acquisitions....

Avison Young (Canada) Inc: Update to credit analysis following GVA transaction - Credit Opinion – 2019/02/14 – US$ 250.00 – ...The B2 corporate family rating (CFR) of Avison Young (Canada) Inc reflects the company's small size on a revenue basis relative to its peers, unproven growth strategy through different economic cycles and potential cash flow volatility inherent in its transaction business. Avison Young was founded in 1978 as a small service company, however began its growth strategy in 2008 with a series of mergers and acquisitions. Despite the limited track record under its current business model, Avison Young has a well-seasoned management team with many years of public company and commercial real estate service experience. This experience should help support the company's efforts to grow and diversify over time. In February 2019, we revised Avison Young's rating outlook to positive from stable, following the company's acquisition of GVA Grimley Holdings Limited ("GVA") in a cash transaction. The outlook revision reflects our view that the acquisition of GVA is credit positive, despite certain integration...

Moody's rates Avison Young's proposed bank facility at B2; outlook revised to positive on GVA transaction announcement - Rating Action – 2019/02/11 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "Avison Young (Canada) Inc: Update to credit analysis" Mar 15, 2018. Alacra Store. Jul 23, 2024. <http://www.alacrastore.com/moodys-credit-research/Avison-Young-Canada-Inc-Update-to-credit-analysis-PBC_1114512>
  
APA:
Moody's Global Credit Research. (). Avison Young (Canada) Inc: Update to credit analysis Mar 15, 2018. New York, NY: Alacra Store. Retrieved Jul 23, 2024 from <http://www.alacrastore.com/moodys-credit-research/Avison-Young-Canada-Inc-Update-to-credit-analysis-PBC_1114512>
  
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