The latest round of removals by ratings agency Standard & Poor's has taken Valad and Macquarie CountryWide from the S&P/ASX 100. Both stocks have been hard hit this year as they battle falling asset values and, in the case of Macquarie CountryWide, tenants in its US shopping malls going into Chapter 11 bankruptcy.
Anyone know what tenants they are referring to? Only one I have heard is Woolies in UK and MCW is not in UK that I can see.Anyway article refers to US bankruptcies.
As far as I can see from reports vast majority of tenants are Woolies, Coles, Safeway etc.
Other info please?
MCW Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held