Commercial real estate transactions : request for comments

Lyon, 12 November 2021,

Qivalio Ratings announces the publication of a request for comments related to its new rating
methodology named “Commercial real estate transactions”.

This methodology has been developed in order to assess and assign a credit rating to
commercial real estate transactions debt involving an SPV owning, intending to own, or owning
after construction a real estate asset.

In line with ESMA regulation, Qivalio has launched a request for comments from market
participants, for a period of one month. Qivalio will collect and review these comments and
answer them before publishing the final version of its methodology.

The intended methodology is available on the Qivalio website at the following address:

Real estate transactions rating methodology - Request for comments.pdf

Please send your comments to the following email address: rfc@qivalio.com