18 Dec 2014 07:00
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Midroog has placed the Company's Series A, B, D, E and F bonds on credit review with negative implications due to the economic crisis in Russia
The Company (LSE: BCRE) announces that Midroog, a credit rating agency accredited by Israel and a subsidiary of Moody's Investors Service Inc. ("Moody's"), has placed the Company's Series A, B and C Bonds A2 on a local Israeli scale on credit review with negative implications due to the economic crisis in Russia.
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.