12 Dec 2017 15:00
12 December 2017
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Midroog updated the credit rating of the Company's Series A, B and C bonds
The Company announces that Midroog, the credit rating agency accredited by Israel and a subsidiary of Moody's Investors Service Inc. ("Midroog"), has reaffirmed the credit rating of the Company's Series B and C bonds of A2 on a local Israeli scale and changed the outlook from negative to stable. The Company's Series B and C bonds are being early redeemed as announced by the Company before the year end. In addition, Midroog changed the credit rating of the Company's Series A bonds from A2 to A3 on a local Israeli scale and changed the outlook from negative to stable. Following the Series A bonds' scheduled payment on 19 December 2017, the outstanding principal amount of Series A bonds due on 19 December 2018 will amount approximately to NIS 75 million (approximately EUR 18 million).
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V.
Ariel Podrojski, Chief Executive Officer
Nansia Koutsou, Chief Financial Officer / Chief Operating Officer +31 20 514 1004
Novella Communications
Tim Robertson
Toby Andrews +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 in the markets it operates.
The Company has established local management team platforms with significant local market expertise. At present, the Company has offices and teams in New York, London, Moscow, Kazan, New Delhi, Amsterdam and Limassol.