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ADLER Real Estate AG
Regulatory Filings • Oct 24, 2017
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Regulatory Filings
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News Details
Corporate | 24 October 2017 17:35
ADLER Real Estate AG: Improved rating by Standard & Poor’s
DGAP-News: ADLER Real Estate AG / Key word(s): Rating
24.10.2017 / 17:35
The issuer is solely responsible for the content of this announcement.
Improved rating by Standard & Poor’s
New Corporate rating set at “BB/Stable Outlook”
Berlin, October 24, 2017: The internationally renowned rating agency Standard & Poor’s Ratings Services has today raised its long-term corporate credit rating from “BB- /Positive Outlook” to “BB/Stable Outlook”.
Further to the recent sale of ACCENTRO Real Estate AG and ADLER’s new financial policy, Standard & Poor’s expects ADLER’s debt metrics to continue to strengthen and the company to achieve an LTV of less than 55 %.
Arndt Krienen, chairman of the management board, said: “The upgrade which we had expected after the sale of ACCENTRO has now materialized. We will continue to work hard on the company’s performance going forward both in terms of capital structure and operating improvements in order to achieve investment grade too.”
The detailed rating is available on the website of Standard & Poor’s under www.standardandpoors.com .
Ihr Kontakt für Rückfragen:
Dr. Rolf-Dieter Grass
Leiter Unternehmenskommunikation
ADLER Real Estate AG
Telefon: +49 (30) 2000 914 29
24.10.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | ADLER Real Estate AG |
| Joachimsthaler Straße 34 | |
| 10719 Berlin | |
| Germany | |
| Phone: | +49 30 398 018 10 |
| Fax: | +49 30 639 61 92 28 |
| E-mail: | [email protected] |
| Internet: | www.adler-ag.com |
| ISIN: | DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02 |
| WKN: | 500800, A14J3Z, A1R1A4, A11QF0 |
| Indices: | SDAX, GPR General Index |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |