Plaza Centers N.V. Credit Rating Update (3976U)
December 27 2012 - 9:30AM
UK Regulatory
TIDMPLAZ
RNS Number : 3976U
Plaza Centers N.V.
27 December 2012
27 December 2012
STANDARD & POOR'S UPDATES CREDIT RATING FOR PLAZA CENTERS'
NOTES
Plaza Centers N.V. ("Plaza" or the "Company"), a leading
property developer and investor with operations in Central and
Eastern Europe, India and the USA, today announces that S&P
Maalot ("Maalot"), the Israeli credit rating agency which is a
division of International Standard & Poor's, has updated the
credit rating of Plaza's two series of Notes from "ilBBB+/Stable"
to "ilBBB-" on a local Israeli scale with inclusion in negative
CreditWatch list.
On international scale the rating was updated from B to B- with
inclusion in negative CreditWatch list.
A full copy of S&P Maalot's reports is available at:
http://www.plazacenters.com/index.php?p=financial_reports_2012
For further details please contact:
Plaza
Ran Shtarkman, President and CEO +36 1 462 7221
Roy Linden, CFO +36 1 462 7105
Financial Dynamics
Stephanie Highett/Daniel O'Donnell +44 20 7831 3113
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is a leading emerging
markets developer of shopping and entertainment centres. It focuses
on constructing new centres and, where there is significant
redevelopment potential, redeveloping existing centres in both
capital cities and important regional centres. The Company is dual
listed on the Main Board of the London Stock Exchange and, as of 19
October 2007, on the Warsaw Stock Exchange (LSE:"PLAZ", WSE:
"PLZ/PLAZACNTR"). Plaza Centers N.V. is an indirect subsidiary of
Elbit Imaging Ltd. ("EI"), an Israeli public company whose shares
are traded on both the Tel Aviv Stock Exchange in Israel and on the
NASDAQ Global Market in the United States. Plaza Centers is a
member of the Europe Israel Group of companies which is controlled
by its founder, Mr Mordechay Zisser. It has been active in real
estate development in emerging markets for over 17 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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