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Bond Credit Ratings

Fri, 13th Mar 2015 13:30

RNS Number : 4159H
Brack Capital Real Estate Inv N.V
13 March 2015

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BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Midroog continues the credit review of the Company's Series A, B and C bonds

Further to the announcement on 18 December 2014, the Company confirms that Midroog, the credit rating agency accredited by Israel and a subsidiary of Moody's Investors Service Inc. ("Moody's"), is continuing to review the Company's Series A, B and C bonds currently rated A2 on a local Israeli scale, as a result of the negative developments in the Russian economy. Moody's will continue to examine the impact of the recent events on the Company's risk profile.

ENQUIRIES:

BCRE-Brack Capital Real Estate Investments N.V.

Ariel Podrojski, Chief Executive Officer

Nansia Koutsou, Chief Financial Officer

+31 20 514 1004

Novella Communications

Tim Robertson

Ben Heath

+44 203 151 7008

About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and the UK.

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.

This information is provided by RNS
The company news service from the London Stock Exchange
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