24 May 2017 18:29
24 May 2017
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Midroog places the Company's Series A, B and C bonds ("Bonds")
under credit review
The Company announces that Midroog, the credit rating agency accredited by Israel and a subsidiary of Moody's Investors Service Inc., places under credit review with negative implications the rating of the Company's Bonds, currently rated A2 on a local Israeli scale with a negative outlook, while it examines the potential impact on the Company's risk profile following the Company's sale of all the shares held in the issued and outstanding share capital of Brack Capital Properties N.V. ("BCP*), whose shares are traded on the Tel Aviv Stock Exchange.
*For further details regarding the Company's divestment of BCP, refer to the announcement released by the Company on 23 May 2017 "Sale of shares in Brack Capital Properties N.V."
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.