Last checked at 
10 Mar 2022 07:00
10 March 2022
FITCH RATINGS LIMITED UPGRADES TRITAX EUROBOX'S SENIOR UNSECURED RATING
Tritax EuroBox plc (EuroBox or the Company), which invests in a high-quality portfolio of very large, prime logistics real estate assets strategically located across continental Europe, announces that Fitch Ratings Limited (Fitch) has upgraded its senior unsecured rating to BBB from BBB-. Fitch has also affirmed EuroBox's Long-Term Issuer Default Rating (IDR) at BBB- with stable outlook.
Mehdi Bourassi, Finance Director of Tritax EuroBox, commented:
"We are pleased with this upgrade, which reflects the positive momentum for the Company and the market in which it operates. All of EuroBox's existing debt is senior unsecured, and the positive ratings trajectory provides a compelling backdrop for incremental senior unsecured debt issuance in the future.
We remain committed to our disciplined approach to our capital structure and our conservative financial policy targets, and will continue to focus on the resilience and diversity of our funding mix in the future."
For further information please contact:
Tritax Group+44 (0) 20 8051 5070
Nick PrestonMehdi Bourassi
Jo Blackshaw (Investor Relations)
Maitland/AMO (Media enquiries)James Benjamin+44 (0) 7747 113 930tritax-maitland@maitland.co.uk
The Company's LEI is: 213800HK59N7H979QU33.
Notes:
Tritax EuroBox plc invests in and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries.
Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation.
The Company's Manager, Tritax Management LLP, has assembled a full-service European logistics asset management capability including specialist "on the ground" asset and property managers with strong market standings in the Continental European logistics sector.
Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk