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DEXUS — Capital/Financing Update 2006
Jul 3, 2006
64807_rns_2006-07-03_27c0ef83-92a9-4c1c-81dc-d355ede1032a.pdf
Capital/Financing Update
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DR RRFFF
Managed in partnership with Deutsche Bank $\boxdot$
DB RREEF Funds Management Limited ABN 24 060 920 783 Australian Financial Services Licence Holder
Level 9 343 George Street Sydney NSW 2000
PO Box R1822 Royal Exchange NSW 1225
Telephone 61 2 9017 1100 Direct 61 2 9017 1136 Facsimile 61 2 9017 1132
Email: [email protected]
4 July 2006
The Manager Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000
Dear Sir/Madam
DB RREEF Trust (ASX: DRT) DRT rated BBB+, with positive outlook by Standard & Poor's
DB RREEF Funds Management Limited, as responsible entity for DB RREEF Trust (DRT), is pleased to announce the assignment of a Standard & Poor's long-term corporate credit rating of BBB+, with positive outlook.
The release of the rating will aid in DRT's continued commitment to diversify its funding sources and increase its maturity profile of debt. These commitments are part of DRT's capital management strategy which aims to achieve funding flexibility and capacity for active capital management.
Brenda Wardlaw, Credit Analyst - Corporate & Infrastructure Finance Ratings from Standard & Poor's said; "The positive outlook reflects Standard & Poor's expectation that DRT will continue to prudently seek to grow in its chosen property sectors, purchasing prime-to-A grade assets, while strengthening its cash flow protection measures."
For further information, please contact
| • Institutional Investors: | Tony Dixon | $(02)$ 9017 1136 |
|---|---|---|
| • Retail Investors: | Karol O'Reilly | $(03)$ 8611 2930 |
Yours sincerely
Tánya Cox Company Secretary