Avison Young (Canada) Inc: Update to credit analysis following outlook change from positive to stable

Moody's assigns a B2 rating to Avison Young's Proposed Delayed Draw First Lien Term Loan; negative outlook - Rating Action – 2023/03/23 – 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 – 2022/11/18 – US$ 250.00 – ...Note: All ratios are based on 'Adjusted' financial data and incorporate Moody's Global Standard Adjustments for Non-Financial Corporations, including operating lease and pension obligations, as well as preferred securities. Source: Moody's Financial Metrics, Avison Young audited & reviewed financials...

Moody's says Avison Young's incremental term loan has no impact on ratings - Announcement – 2022/08/19 – US$ 180.00

Avison Young (Canada) Inc: Update to credit analysis - Credit Opinion – 2021/11/19 – 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 that have helped the company diversify its business lines and geographical reach into the US and Europe. Despite the modest 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....

Moody's says Avison Young's add-on term loan issuance will not impact B2 rating - Announcement – 2021/04/20 – US$ 180.00

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...

Avison Young (Canada) Inc: Update to credit analysis - Credit Opinion – 2018/03/15 – US$ 250.00 – ...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...