Tritax EuroBox PLC - investor in continental European logistics real estate assets - Notes assignation of BBB- long term rating by credit agency Fitch Ratings Ltd.
In addition to the strengthening of the company's earnings per share due to reduced financing costs, the credit rating will also allow the company access to the debt capital markets.
"The company's recent successful fundraise allows us to capitalise further on the significant opportunities that exist in the continental European logistics real estate market. Obtaining an investment grade credit rating marks a significant milestone in the evolution of the company, demonstrating our maturity and stability. It will enable access to a wider pool of financing strategies, leading to even greater resilience and a lower cost of debt," said Finance Director Mehdi Bourassi.
Current stock price: 104.00 pence
Year-to-date change: up 5.7%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Tritax Eurobox (EBOX)